Bill > HR3382

This bill requires the Securities and Exchange Commission (SEC) to periodically review and update its definition of "small entity" for regulatory purposes. Specifically, the SEC must conduct comprehensive studies every five years examining how the current definition aligns with the Regulatory Flexibility Act, considering the growth of U.S. financial markets and ensuring a meaningful number of entities are covered by the definition. The bill mandates that the SEC submit detailed reports to Congress after each study, including specific recommendations for amending the definition to expand its coverage. Additionally, the SEC must conduct rulemaking to revise its rules based on these studies and, every five years, adjust dollar figures in the small entity definition to account for inflation using the Consumer Price Index. The goal is to ensure that the SEC's definition of small entities remains relevant and accurately reflects the current economic landscape, particularly for smaller businesses, organizations, and governmental jurisdictions that may be subject to SEC regulations.

Business and Industry, Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/house-bill/3382/all-info