S2924Referred to Committee

Small Entity Update Act

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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: 75.4% (841 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.

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

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
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Related legislation

Bills by the same sponsor or covering overlapping subjects.