H.R. 2792 — 118th Congress
Small Entity Update Act
Sponsor
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Latest action
May 31, 2023Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
CRS summary
As of May 30, 2023Passed House
Small Entity Update Act
This bill requires the Securities and Exchange Commission (SEC) to report on and revise the definition of small entity. Agencies are required to consider the impact of their rules on small entities under the Regulatory Flexibility Act.
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 the appropriate dollar amounts for inflation every five years.
The SEC must also revise the applicable rules to implement these recommendations.
Congressional Research Service, via api.congress.gov (public domain)
Roll-call votes
1 on recordMay 30, 2023 · On Motion to Suspend the Rules and Pass, as Amended
Full roll callYea — 367: 188 R · 178 D · 1 I
Nay — 8: 8 R
| Member | State |
|---|---|
| Andy Biggs | AZ |
| Elijah Crane | AZ |
| Paul A. Gosar | AZ |
| W. Gregory Steube | FL |
| Matthew M. Rosendale, Sr. | MT |
| Josh Brecheen | OK |
| Chip Roy | TX |
| Ben Cline | VA |
Not Voting — 60: 35 D · 25 R
Member pages currently show roll-call votes from the 119th Congress only. The “Member pages” column marks votes from that congress.