Federal · H.R. 2792 · 118th Congress
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.
First two sentences of the Congressional Research Service's summary · Congress.gov ↗
This bill requires the Securities and Exchange Commission (SEC) to report on and revise the definition of small entity .
Passed the House on May 30, 2023. Waiting on the Senate.
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First two sentences of the Congressional Research Service's summary · Congress.gov ↗. A plain-words version comes later. Official page ↗
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Latest final vote: Passed · U.S. House · May 30, 2023
Official record ↗Constitution
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All votes
U.S. House · May 30, 2023 · Final passage
On Motion to Suspend the Rules and Pass, as Amended · Passed
Official record ↗By party
| Party | Yes | No | Present | Not voting |
|---|---|---|---|---|
| Republican | 158 | 7 | 0 | 21 |
| Democratic | 151 | 0 | 0 | 26 |
| Democrat | 4 | 0 | 0 | 2 |
| Independent | 1 | 0 | 0 | 0 |
By state (48)
| State | Yes | No | Present | Not voting |
|---|---|---|---|---|
| AL | 5 | 0 | 0 | 1 |
| AR | 3 | 0 | 0 | 1 |
| AZ | 3 | 3 | 0 | 1 |
| CA | 43 | 0 | 0 | 9 |
| CO | 4 | 0 | 0 | 1 |
| CT | 5 | 0 | 0 | 0 |
| DE | 1 | 0 | 0 | 0 |
| FL | 21 | 1 | 0 | 2 |
| GA | 10 | 0 | 0 | 1 |
| HI | 2 | 0 | 0 | 0 |
| IA | 4 | 0 | 0 | 0 |
| ID | 1 | 0 | 0 | 1 |
| IL | 16 | 0 | 0 | 1 |
| IN | 7 | 0 | 0 | 0 |
| KS | 2 | 0 | 0 | 1 |
| KY | 5 | 0 | 0 | 1 |
| LA | 5 | 0 | 0 | 0 |
| MA | 8 | 0 | 0 | 1 |
| MD | 4 | 0 | 0 | 1 |
| ME | 1 | 0 | 0 | 1 |
| MI | 12 | 0 | 0 | 0 |
| MN | 6 | 0 | 0 | 1 |
| MO | 6 | 0 | 0 | 0 |
| MS | 4 | 0 | 0 | 0 |
| MT | 1 | 0 | 0 | 0 |
| NC | 8 | 0 | 0 | 1 |
| NE | 3 | 0 | 0 | 0 |
| NH | 1 | 0 | 0 | 0 |
| NJ | 5 | 0 | 0 | 4 |
| NM | 3 | 0 | 0 | 0 |
| NV | 3 | 0 | 0 | 1 |
| NY | 18 | 0 | 0 | 2 |
| OH | 13 | 0 | 0 | 0 |
| OK | 4 | 1 | 0 | 0 |
| OR | 4 | 0 | 0 | 0 |
| PA | 14 | 0 | 0 | 1 |
| RI | 1 | 0 | 0 | 0 |
| SC | 6 | 0 | 0 | 0 |
| SD | 1 | 0 | 0 | 0 |
| TN | 6 | 0 | 0 | 2 |
| TX | 26 | 1 | 0 | 6 |
| UT | 1 | 0 | 0 | 2 |
| VA | 5 | 1 | 0 | 1 |
| VT | 0 | 0 | 0 | 1 |
| WA | 6 | 0 | 0 | 2 |
| WI | 5 | 0 | 0 | 2 |
| WV | 1 | 0 | 0 | 0 |
| WY | 1 | 0 | 0 | 0 |
The breakdown counts the 370 members whose positions are loaded; the totals above are the official record's.
Party is as each member's record lists it. Counts are of recorded positions, nothing more.
Every member's vote
370 members, by last name.
From the official record of each vote. A member who left office keeps their recorded position; their page shows the years they served.
Money
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History
- May 30, 2023U.S. House: On Motion to Suspend the Rules and Pass, as Amended · Passed ↗
Recorded votes on this bill and the final action, as their sources record them. Committee and other steps without a recorded vote aren't listed; the official page has every action.
Final action
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Full text
Official summary (Congressional Research Service)
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.
Source ↗