# 119-s-2924: Small Entity Update Act

119-s-2924, Small Entity Update Act, is a 119th Congress bill sponsored by Sen. Britt, Katie Boyd [R-AL] (R-AL); status introduced; PRIA reads it as touching household money (as of 2026-08-06).

- Canonical: https://policyrisk.com/legislation/119-s-2924
- As of: 2026-08-06
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2924
- Congress: 119
- Title: Small Entity Update Act
- Status: introduced
- Introduced: 2025-09-29
- Sponsor: Sen. Britt, Katie Boyd [R-AL] (R-AL)
- Cosponsors: 4
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-08-06

## Summary

**Modernize the SEC's 'small entity' definition to cover more firms and organizations.** This bill would force the Securities and Exchange Commission to study, report, and rewrite its rules so the definition reflects market growth and covers a meaningful number of entities.

## Cosponsors (4)

- Sen. Kim, Andy [D-NJ] (D-NJ), 2025-09-29T00:00:00.000Z
- Sen. Alsobrooks, Angela D. [D-MD] (D-MD), 2026-04-20T00:00:00.000Z
- Sen. Ricketts, Pete [R-NE] (R-NE), 2026-04-20T00:00:00.000Z
- Sen. McCormick, David [R-PA] (R-PA), 2026-08-04T00:00:00.000Z

## Provisions PRIA read

- New SEC small-entity definition review: benefit, low. This bill would require the Securities and Exchange Commission (SEC) to study its definition of "small entity." The SEC would complete a study within 1 year and again every 5 years. Each study would examine alignment with the Regulatory Flexibility Act, U.S. market growth, and how to include a mean…

## Related bills

- 119-s-1748: Kids Online Safety Act
- 119-s-1241: Sanctioning Russia Act of 2025
- 119-s-1261: CONNECT for Health Act of 2025
- 119-s-1289: 25th Anniversary of 9/11 Commemorative Coin Act
- 119-s-1032: Major Richard Star Act
- 119-s-4395: Terrorism Risk Insurance Program Reauthorization Act of 2026

## Sources
- [119-s-2924 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2924)

## Related
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-s-1261: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-s-1261)
- [119-s-1289: 25th Anniversary of 9/11 Commemorative Coin Act](https://policyrisk.com/legislation/119-s-1289)
- [119-s-1032: Major Richard Star Act](https://policyrisk.com/legislation/119-s-1032)
- [119-s-4395: Terrorism Risk Insurance Program Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-4395)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2924 (as of 2026-08-06).