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Small Business Relief: Updating Regulatory Definitions and Adjusting for Inflation.

This Act requires the Securities and Exchange Commission (SEC) to study and update the definition of "small entity" under securities laws. The goal is to expand this definition so that more small businesses and organizations qualify for simplified rules and reduced regulatory burdens. Furthermore, the law mandates regular adjustments of the financial thresholds for small entities based on inflation, ensuring these benefits remain relevant over time.
Key points
More small businesses and organizations may qualify for simplified rules and reduced bureaucratic burdens by expanding the definition of "small entity."
The SEC must regularly adjust the financial thresholds for small entities based on inflation, preventing them from losing their beneficial status due to rising prices.
These changes aim to support local economies and job creation by lowering compliance costs for smaller enterprises.
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Expired
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Additional Information
Print number: 118_S_4400
Sponsor: Sen. Britt, Katie Boyd [R-AL]
Process start date: 2024-05-23
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Small Entity Update Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_4400.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-05-23.

What are the main provisions?

Key points include:

  • More small businesses and organizations may qualify for simplified rules and reduced bureaucratic burdens by expanding the definition of "small entity."
  • The SEC must regularly adjust the financial thresholds for small entities based on inflation, preventing them from losing their beneficial status due to rising prices.
  • These changes aim to support local economies and job creation by lowering compliance costs for smaller enterprises.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Britt, Katie Boyd [R-AL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy