House vote: H.R. 2792 // May 30, 2023Needed two-thirds to pass
Small Entity Update Act
Sponsor: Ann Wagner (R-MO)
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.
Finance and Financial Sector Topic assigned by the Congressional Research Service.
Who won, and how much of the country was behind them
The dotted gap is 13.8% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Yea | Won | 367 | 84.2% |
| Nay | Lost | 8 | 1.9% |
| Not represented on this question | No position taken | 0 | 13.8% |