# 114-hr-3784: SEC Small Business Advocate Act of 2016

114-hr-3784, SEC Small Business Advocate Act of 2016, is a 114th Congress bill sponsored by Rep. Carney, John C., Jr. [D-DE-At Large] (D-DE); status Became Public Law No: 114-284. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-3784
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-3784
- Congress: 114
- Title: SEC Small Business Advocate Act of 2016
- Status: Became Public Law No: 114-284.
- Introduced: 2015-10-21
- Sponsor: Rep. Carney, John C., Jr. [D-DE-At Large] (D-DE)
- Cosponsors: 9
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

SEC Small Business Advocate Act of 2015 This bill amends the Securities Exchange Act of 1934 to establish within the Securities and Exchange Commission (SEC) an Office of the Advocate for Small Business Capital Formation. The Advocate for Small Business Capital Formation shall: assist small businesses and small business investors in resolving significant problems they may have with the SEC or with self-regulatory organizations; identify areas in which such businesses and investors would benefit from changes in SEC regulations or the rules of such organizations; identify problems that small businesses have with securing access to capital; analyze the potential impact on such businesses and investors of proposed SEC regulations and proposed rules that are likely to have a significant economic impact on small businesses and small business capital formation; conduct outreach to such businesses and investors to solicit views on relevant capital formation issues; propose to the SEC changes in its regulations or orders, and propose to Congress legislative, administrative, or personnel changes, to mitigate problems identified and to promote the interests of such businesses and investors; consult with the Investor Advocate on such proposals and advise the Investor Advocate on small business-related issues; submit annual reports on its activities to specified congressional committees; and be responsible for planning, organizing, and executing the annual Government-Business Forum on Small Business Capital Formation. The bill also establishes the Small Business Capital Formation Advisory Committee, which shall provide the SEC with advice on SEC rules, regulations, and policies regarding its mission of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation, as they relate to: capital raising by emerging, privately held small businesses and publicly traded companies with less than $250 million in public market capitalization through securities offerings; trading in the securities of such businesses and companies; and public reporting and corporate governance requirements of such businesses and companies. The SEC shall assess the Committee's recommendations and disclose any action it intends to take with respect to such recommendations.

## Cosponsors (9)

- Rep. Duffy, Sean P. [R-WI-7] (R-WI), 2015-10-21T00:00:00.000Z
- Rep. Quigley, Mike [D-IL-5] (D-IL), 2015-10-21T00:00:00.000Z
- ANDER CRENSHAW (R-FL), 2015-10-21T00:00:00.000Z
- Rep. Sherman, Brad [D-CA-32] (D-CA), 2015-11-05T00:00:00.000Z
- Rep. Fincher, Stephen Lee [R-TN-8] (R-TN), 2015-12-01T00:00:00.000Z
- Rep. Maloney, Carolyn B. [D-NY-12] (D-NY), 2015-12-02T00:00:00.000Z
- Rep. Rice, Kathleen M. [D-NY-4] (D-NY), 2015-12-02T00:00:00.000Z
- Rep. Kildee, Daniel T. [D-MI-8] (D-MI), 2015-12-10T00:00:00.000Z
- Rep. Velázquez, Nydia M. [D-NY-7] (D-NY), 2015-12-10T00:00:00.000Z

## Related bills

- 114-hr-5621: To posthumously award a Congressional Gold Medal to Lawrence Eugene "Larry" Doby in recognition of his achievements and contributions to American major league…
- 114-hr-3929: Office of Strategic Services Congressional Gold Medal Act
- 114-hr-2722: Breast Cancer Awareness Commemorative Coin Act
- 114-hr-2992: Merchant Marine of World War II Congressional Gold Medal Act
- 114-hr-1475: Korean War Veterans Memorial Wall of Remembrance Act
- 114-hr-985: Concrete Masonry Products Research, Education, and Promotion Act of 2015

## Sources
- [114-hr-3784 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/3784)

## Related
- [114-hr-5621: To posthumously award a Congressional Gold Medal to Lawrence Eugene "Larry" Dob…](https://policyrisk.com/legislation/114-hr-5621)
- [114-hr-3929: Office of Strategic Services Congressional Gold Medal Act](https://policyrisk.com/legislation/114-hr-3929)
- [114-hr-2722: Breast Cancer Awareness Commemorative Coin Act](https://policyrisk.com/legislation/114-hr-2722)
- [114-hr-2992: Merchant Marine of World War II Congressional Gold Medal Act](https://policyrisk.com/legislation/114-hr-2992)
- [114-hr-1475: Korean War Veterans Memorial Wall of Remembrance Act](https://policyrisk.com/legislation/114-hr-1475)
- [114-hr-985: Concrete Masonry Products Research, Education, and Promotion Act of 2015](https://policyrisk.com/legislation/114-hr-985)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-3784 (as of 2025-11-18).