H.R. 2792Small Entity Update Act

1 recorded action296 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: Ann Wagner [R-MO-02]
Cosponsors: 5 · 4 Democrats · 1 Republican
Policy area: Finance and Financial Sector
Committees: Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Latest action: May 31, 2023 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

IntroducedApr 20, 2023
Passed the HouseMay 30, 2023
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS summary

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.

Written by the nonpartisan Congressional Research Service, describing H.R. 2792 as passed House on May 30, 2023. It is not the text of the measure; a later amendment may have changed what it does.

How every member votedHouse roll call 238

House May 30, 2023

On Motion to Suspend the Rules and Pass, as Amended

Small Entity Update Act

Passed · Two-thirds required

367 Yea 8 Nay 60 not voting

Crossed both parties 8 of 375 voting members broke with their own party: 8 Republicans.

Open the official roll call

How the chamber split

One dot per member. Select a seat or a bar to filter the list.

DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

By party select a segment to filter

All members435 members

Democratic213 members

Republican222 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

Cosponsors5 · 4 Democrats · 1 Republican

Signing on is not a vote: a member can cosponsor H.R. 2792 and vote against it. 0 signed when it was filed.

DJames A. Himes [D-CT-04]Joined Apr 24, 20232026 profile

DDavid Scott [D-GA-13]Joined Apr 24, 2023

DRitchie Torres [D-NY-15]Joined Apr 25, 20232026 profile

RMichael Lawler [R-NY-17]Joined Apr 25, 20232026 profile

DSean Casten [D-IL-06]Joined Apr 25, 20232026 profile

Who lobbied on H.R. 27923 organizations

Organizations that named H.R. 2792 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.

BIOTECHNOLOGY INNOVATION ORGANIZATIONIts PAC: Biotechnology Innovation Organization PAC

Agriculture · Animals · Budget/Appropriations · Chemicals/Chemical Industry +11 more9 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

CHAMBER OF COMMERCE OF THE U.S.A.

Aviation/Airlines/Airports · Banking · Aerospace · Automotive Industry +31 more7 filings · 4th Quarter (Oct 1 - Dec 31) 2024Filing

NATIONAL ASSOCIATION OF MANUFACTURERSIts PAC: National Association of Manufacturers PAC

Budget/Appropriations · Copyright/Patent/Trademark · Consumer Issues/Safety/Products · Defense +19 more1 filing · 2nd Quarter (Apr 1 - June 30) 2023Filing

17 disclosures name this measure. Retrieved from LDA.gov on 2026-10-04. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.