Small Entity Update Act: Redefining Small Businesses for Regulatory Relief
This Act requires the Securities and Exchange Commission (SEC) to study and update the definition of "small entity." The goal is to include a more meaningful number of businesses under this definition, potentially leading to reduced regulatory burdens and improved access to financial markets for them. The definition will also be regularly adjusted for inflation to remain relevant.
Key points
More businesses may qualify as "small entities," potentially benefiting from fewer regulatory requirements and lower compliance costs under securities laws.
The definition of "small entity" will be regularly updated for inflation, ensuring it accurately reflects economic realities and targets appropriate businesses for support.
These changes could make it easier for small businesses to raise capital and grow, indirectly fostering job creation and economic development.
Status:
Introduced
Civic Will
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.