SEC would regularly update rules for small businesses
Currently, the Securities and Exchange Commission (SEC) defines "small entity" but doesn't have to regularly review or update it. This bill would require the SEC to regularly study and update its definition of "small entity." This could mean more businesses would be considered "small" and potentially benefit from specific rules.
Currently, the Securities and Exchange Commission (SEC) defines "small entity" but is not required by law to regularly review, update, or adjust this definition for inflation. If this bill becomes law, the SEC would be required to conduct studies and report to Congress on the definition every five years. It would also have to revise its rules and adjust any dollar figures for inflation every five years, ensuring the definition stays current and potentially covers more businesses.
HR 3382 · 119th Congress · May 14, 2025 · AI Summary by gemini-2.5-flash · 8/10
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5 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.