Small Entity Update Act
USA118th CongressHR-2792| House
| Updated: 5/31/2023
Ann Wagner
Republican Representative
Missouri
Cosponsors (5)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 42 - 0.
Committee Consideration and Mark-up Session Held.
Placed on the Union Calendar, Calendar No. 59.
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-80.
Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H2652-2653)
DEBATE - The House proceeded with forty minutes of debate on H.R. 2792.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business. (consideration: CR H2661-2662)
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 367 - 8 (Roll no. 238). (text: CR H2652)
View VoteMotion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Administrative law and regulatory proceduresCongressional oversightGovernment studies and investigationsSecurities and Exchange Commission (SEC)Small business
Small Entity Update Act
USA118th CongressHR-2792| House
| Updated: 5/31/2023
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.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 42 - 0.
Committee Consideration and Mark-up Session Held.
Placed on the Union Calendar, Calendar No. 59.
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-80.
Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H2652-2653)
DEBATE - The House proceeded with forty minutes of debate on H.R. 2792.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business. (consideration: CR H2661-2662)
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 367 - 8 (Roll no. 238). (text: CR H2652)
View VoteMotion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Ann Wagner
Republican Representative
Missouri
Cosponsors (5)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresCongressional oversightGovernment studies and investigationsSecurities and Exchange Commission (SEC)Small business