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Small Entity Definition Update Act

This act requires the Securities and Exchange Commission (SEC) to study and update the definition of "small entity" in securities laws. The goal is to ensure more businesses can benefit from simplified regulations, potentially fostering growth and reducing administrative burdens.
Key points
The SEC will study how the current small entity definition impacts businesses and its alignment with regulatory flexibility goals.
The SEC must revise the small entity definition to include a greater number of businesses, potentially offering them regulatory relief.
The small entity definition will be regularly adjusted for inflation to reflect economic changes.
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Status: Passed House
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Additional Information
Print number: 119_HR_3382
Sponsor: Rep. Wagner, Ann [R-MO-2]
Process start date: 2025-05-14
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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 119_HR_3382.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-05-14.

What are the main provisions?

Key points include:

  • The SEC will study how the current small entity definition impacts businesses and its alignment with regulatory flexibility goals.
  • The SEC must revise the small entity definition to include a greater number of businesses, potentially offering them regulatory relief.
  • The small entity definition will be regularly adjusted for inflation to reflect economic changes.
What is the specific legal status?

The current status is Passed House.

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 Rep. Wagner, Ann [R-MO-2].

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3500)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy