The record

LegislationLegislation· May 2023
HR 2792

Sponsored by Ann Wagner (R)

Small Entity Update Act

Would have required the SEC to widen its "small entity" definition and adjust it for inflation.

Tradeoff

Would have required the SEC to study its small entity definition and widen it to cover more firms. Would have required new SEC rules after each study, with public comment.

What's in it

See official bill text
H.R. 2792, Small Entity Update Actwww.cbo.gov/publication/59215 · May 2023

The House passed this 367-8 on May 30, 2023, and the Senate never voted before the Congress ended.

  1. House

    Introduced

    (Apr 20, 2023)

  2. House

    Committee on Financial Services(Apr 20, 2023)

  3. House

    The Committee on Financial Services voted to send it to the floor

    Reported 42 - 0(Apr 26, 2023)

    Committee report H. Rept. 118-80.

  4. House

    On Motion to and Pass, as Amended

    Passed(Roll #238 · May 30, 2023)

    367 yeanay 8

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(May 31, 2023)

Passage votes· May 30, 2023· 118th Congress · 2023–2025