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S2924Referred to Committee

Small Entity Update Act

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-09-29
Introduced
3
Cosponsors
S
ⓘ
Type

Sponsor

Katie Boyd Britt
Katie Boyd Britt
Republican · AL · Senator
Votes with party: 34.1% (320 recorded votes)

Full profile: /officials/B001319

Source: Congress.gov · FEC

Cosponsors (3)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

  • Andy Kim (D-NJ)Original· 2025-09-29
  • Angela D. Alsobrooks (D-MD)· 2026-04-20
  • Pete Ricketts (R-NE)· 2026-04-20

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2025-09-29

Source: Congress.gov

Committee Activity

Previously

  • Banking, Housing, and Urban Affairs CommitteeReferred To · 2025-09-29
  • Senate Committee on Banking, Housing, and Urban AffairsReferred To · 2025-09-29

Plain-English Summary

This bill would likely update financial regulations that apply to small businesses and financial institutions, making it easier for them to comply with federal rules. The changes would probably reduce paperwork requirements or adjust reporting standards for smaller companies that don't have large compliance departments. Small business owners, community banks, and credit unions would be the main groups affected by these regulatory adjustments.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Finance and Financial Sector
Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.

  • S4620A bill to permanently establish the E-Verify employment eligibility verification system, to mandate the use of E-Verify by all employers, and for other purposes.
    Referred to Committee · 2026-05-21
  • S1003Lulu’s Law
    Passed Senate · 2026-05-20
  • S4555GAME Act of 2026
    Referred to Committee · 2026-05-18
  • S1885Stop the Scroll Act
    Referred to Committee · 2026-04-14