Congress·Passed House·H.R. 3382

Small Entity Update Act

Congress Directs SEC to Update “Small Entity” Definition and Adjust Dollar Thresholds for Inflation

Jul 22, 2025·View on Congress.gov·Read full text

This bill is one vehicle in a longer effort. See the full story across every version.View effort →

StalledNext up: The SenateNo action in 11 months

The House passed this bill in July 2025 and sent it to the Senate for review. Nothing has happened with the bill since July 2025, so it is considered stalled. The Senate must act next for the bill to move forward, but it is common for the Senate to take no action on bills passed by the House.

Legislative Progress

✓ House

Senate

No action since July 2025

President

Law

How we got here

This bill’s path across every version that has carried it.

Reintroduced
Reintroduced from H.R. 2792 (118th), which died when its Congress ended.
H.R. 2792 (118th) →

Key Points

Congress requires the Securities and Exchange Commission to study whether its “small entity” definition still makes sense for today’s markets.
Within 1 year of the law taking effect (and again 5 years later), the SEC must report to Congress and recommend ways to expand how many groups qualify as “small entity.”
After each study, the SEC must update its rules using a public comment process, which could change which smaller businesses and organizations get special consideration.
Once the SEC updates the rules, it must adjust any dollar cutoffs for inflation every 5 years using the Consumer Price Index, so thresholds don’t get outdated.
For everyday people, this is mostly about how SEC rules treat smaller companies—potentially affecting compliance costs, investor disclosures, and how easy it is for smaller firms to raise money.

Consumer ProtectionEconomySmall Business

Impact Analysis

Personal Impact

How this policy affects specific groups of people

Positive Impacts(1)

Small Business Owner

Helps

Milestones

4 milestones13 actions

Jul 22, 2025Senate

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Jul 21, 2025House

Motion to reconsider laid on the table Agreed to without objection.

Jul 21, 2025House

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

The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.

Jul 21, 2025

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3500)

The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.

Jul 21, 2025House

DEBATE - The House proceeded with forty minutes of debate on H.R. 3382.

Source Information

Document Type

Congressional Bill

Official Title

Small Entity Update Act

Bill NumberHR 3382

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(7)

D: 5R: 2

Analysis generated by AI. Always verify with official sources.

Small Entity Update Act

Legislative Progress

How we got here

Key Points