House bill · 119th Congress · Latest step: Passed House
Small Entity Update Act
Official title: To require the Securities and Exchange Commission to carry out a study and rulemaking on the definition of the term "small entity" under the securities laws for purposes of chapter 6 of title 5, United States Code, and for other purposes.
Sponsor: Rep. Ann Wagner R-MOWhere it went
- IntroducedMay 14, 2025
- Committee actionMay 20, 2025
- Passed HouseJul 21, 2025 · by voice vote
- Passed Senate—
- To the President—
- Became law—
Latest action: Jul 22, 2025 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Cost and committee reports
Official records Congress.gov attaches to H.R. 3382.
- CBO cost estimateThe Congressional Budget Office published “H.R. 3382, Small Entity Update Act” on July 16, 2025. CBO’s description reads “As reported by the House Committee on Financial Services on June 3, 2025”.Read the CBO estimate ↗Source: Congressional Budget Office, July 16, 2025 ↗
Evidence
- Field in the Congress.gov record
- cboCostEstimates
- CBO publication
- https://www.cbo.gov/publication/61564
- CBO publication date
- July 16, 2025
- Congress.gov bill record
- H.R. 3382, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/3382
- Record last updated by Congress.gov
- July 18, 2026
- PORKER copy retrieved
- September 13, 2026
- Stored copy, SHA-256 of the file
3c227653375cec02a056f82a5c49ef469320741476d40c37d8cff72c17001227
PORKER links to the estimate and does not repeat its dollar figures. Each estimate is for the version of the bill its description names; the bill may have changed since.
- Committee reportCongress.gov lists 1 committee report for this bill: H. Rept. 119-125 ↗. The Congress.gov committee record lists a “Reported By” entry for the Financial Services Committee on June 3, 2025.Source: Congress.gov, reported June 3, 2025 ↗
Evidence
- Field in the Congress.gov record
- committeeReports
- Report API records
- https://api.congress.gov/v3/committee-report/119/HRPT/125
- Congress.gov bill record
- H.R. 3382, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/3382
- Record last updated by Congress.gov
- July 18, 2026
- PORKER copy retrieved
- September 13, 2026
- Stored copy, SHA-256 of the file
3c227653375cec02a056f82a5c49ef469320741476d40c37d8cff72c17001227
A committee report is the committee’s own explanation of the bill. PORKER lists it and links to it; reading it is up to you.
- Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mrs. WAGNER, as printed in the Congressional Record (Vol. 171, No. 81, May 14, 2025, Page H2052):Article I, Section 8 of the U.S. ConstitutionSource: Congress.gov, Congressional Record May 14, 2025 ↗
Evidence
- Field in the Congress.gov record
- constitutionalAuthorityStatementText
- Statement length
- 45 characters
- Congress.gov bill record
- H.R. 3382, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/3382
- Record last updated by Congress.gov
- July 18, 2026
- PORKER copy retrieved
- September 13, 2026
- Stored copy, SHA-256 of the file
3c227653375cec02a056f82a5c49ef469320741476d40c37d8cff72c17001227
PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.
From the Congress.gov bill record for H.R. 3382, last updated July 18, 2026. PORKER’s copy was retrieved September 13, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.
Vote results
No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).
Cosponsors
7 cosponsors — 2 Republicans, 5 Democrats
5 of 7 cosponsors (71%) are from the other party.
Sean Casten (D-IL), James Himes (D-CT), Michael Lawler (R-NY), David Scott (D-GA), Pete Sessions (R-TX), Ritchie Torres (D-NY), Eugene Vindman (D-VA).
More from the sponsor
Other 119th Congress bills sponsored by Rep. Ann Wagner.
- H.R. 1512 (119th) Taiwan Assurance Implementation Act
- H.R. 2478 (119th) Financial Exploitation Prevention Act of 2025
- H.R. 3383 (119th) Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
- H.R. 3381 (119th) Encouraging Public Offerings Act of 2025
- H.R. 4429 (119th) Developing and Empowering our Aspiring Leaders Act of 2025
- H.R. 909 (119th) Crime Victims Fund Stabilization Act of 2025
Related bills
- S. 2924 (119th) Small Entity Update ActRelated bill
Relationships as recorded by Congress.gov.
Sponsor’s state and district
Data as of Sep 25, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.