Advocating for Small Business Act
Sponsored By: Representative Rep. Gonzalez, Vicente [D-TX-34]
In Committee
Summary
Creates Office of Small Business units inside each SEC rule-writing division to embed small business concerns into securities rulemaking. The offices would coordinate with the Office of the Advocate for Small Business Capital Formation on capital formation rules and priorities.
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- Small businesses: Gives small firms a formal, inside contact in the specific SEC divisions that write rules affecting capital markets. This creates a clear channel for raising small business issues during rule development.
- SEC divisions and staff: Changes internal organization by requiring each rule-writing division to host an Office of Small Business, shifting who advises rulemakers on small business impacts.
- Capital formation policy: Requires those in-division offices to coordinate with the national Advocate on capital formation priorities, aligning division-level rule work with broader small-business capital goals.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
New SEC offices for small business
This bill would require the Securities and Exchange Commission to set up an Office of Small Business in every division that writes rules. Each office would work with the SEC’s Office of the Advocate for Small Business Capital Formation. They would focus on rules and priorities for raising capital. If enacted, this could give small businesses more voice in rulemaking. The bill lists no funding, deadlines, or new compliance duties for businesses.
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Sponsors & CoSponsors
Sponsor
Rep. Gonzalez, Vicente [D-TX-34]
TX • D
Cosponsors
Garbarino
NY • R
Sponsored 7/16/2025
Rep. Fitzpatrick, Brian K. [R-PA-1]
PA • R
Sponsored 7/21/2025
Roll Call Votes
No roll call votes available for this bill.
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