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Advocating for Small Business Act
H. R. 4449 To amend the Securities Exchange Act of 1934 to establish Offices of Small Business within rule writing divisions of the Securities and Exchange Commission to coordinate on rules and policy priorities related to capital formation.
Summary
- Requires the Securities and Exchange Commission to establish Offices of Small Business within each division that performs rule-writing activities
- These offices must coordinate with the SEC's existing Office of the Advocate for Small Business Capital Formation
- The coordination focuses on rules and policy priorities related to capital formation for small businesses
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
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![Rep. Gonzalez, Vicente [D-TX-34]](https://media.civicgate.org/people/d/politicians/G000581.thumb.jpg)
Rep. Gonzalez, Vicente (D-TX) [#34]
2 cosponsors
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![Rep. Fitzpatrick, Brian K. [R-PA-1]](https://media.civicgate.org/people/d/politicians/F000466.thumb.jpg)
Rep. Fitzpatrick, Brian K. (R-PA) [#1] -
![Rep. Garbarino, Andrew R. [R-NY-2]](https://media.civicgate.org/people/d/politicians/G000597.thumb.jpg)
Rep. Garbarino, Andrew R. (R-NY) [#2]
Actions (6)
- Sep 8, 2025 Placed on the Union Calendar, Calendar No. 207. · house
- Sep 8, 2025 Reported by the Committee on Financial Services. H. Rept. 119-250. · house
- Jul 22, 2025 Ordered to be Reported by the Yeas and Nays: 50 - 4. · house
- Jul 22, 2025 Committee Consideration and Mark-up Session Held · house
- Jul 16, 2025 Referred to the House Committee on Financial Services. · house
- Jul 16, 2025 Introduced in House
More bills on these subjects (8)
Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).
Text versions (2)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Committee action
What happened to this bill in committee — the meetings where it was considered and every recorded vote taken on it.
Meetings where this bill was on the agenda
Full text
IN THE HOUSE OF REPRESENTATIVES
July 16, 2025
Mr. Vicente Gonzalez of Texas (for himself and Mr. Garbarino) introduced the following bill; which was referred to the Committee on Financial Services
September 8, 2025
Additional sponsor: Mr. Fitzpatrick
September 8, 2025
Committed to the Committee of the Whole House on the State of the Union and ordered to be printed
A BILL
To amend the Securities Exchange Act of 1934 to establish Offices of Small Business within rule writing divisions of the Securities and Exchange Commission to coordinate on rules and policy priorities related to capital formation.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Advocating for Small Business Act”.
SEC. 2. MAKING THE SEC EVEN MORE SMALL BUSINESS FRIENDLY.
Section 4 of the Securities Exchange Act of 1934 (15 U.S.C. 78d) is amended by adding at the end the following:
“(l) Offices of Small Business.—The Commission shall establish, within each division of the Commission that performs rule writing activities, an Office of Small Business, which shall coordinate with the Office of the Advocate for Small Business Capital Formation on rules and policy priorities related to capital formation.”. Union Calendar No. 207
119th CONGRESS
1st Session
H. R. 4449
[Report No. 119-250]
A BILL
To amend the Securities Exchange Act of 1934 to establish Offices of Small Business within rule writing divisions of the Securities and Exchange Commission to coordinate on rules and policy priorities related to capital formation.
September 8, 2025
Committed to the Committee of the Whole House on the State of the Union and ordered to be printed
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