Small Entity Update Act

Ann Wagner

Republican · MO · Representative

Source: Congress.gov · FEC

7 cosponsors on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.

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

2025-07-22

Source: Congress.gov

Small Entity Update Act This bill requires the Securities and Exchange Commission (SEC) to study approaches to reduce the impact of SEC rules on small businesses and other small entities, make appropriate recommendations, and revise applicable rules. Specifically, the bill requires the SEC to evaluate the current definition of small entity with respect to SEC rules. Under the bill, the SEC must provide specific and detailed recommendations to Congress on how the SEC can revise the definition of small entity to (1) align with specified statutory goals, including reducing unnecessary burdens on small entities; and (2) expand the number of entities covered. In addition, the SEC must adjust for inflation every five years any dollar amounts used to define small entities. The SEC must also revise the applicable rules to implement these recommendations.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

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