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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
The bill amends securities law to require the Securities and Exchange Commission (SEC) to establish Offices of Small Business within each of its rule-writing divisions. These new offices would coordinate with the SEC's existing Office of the Advocate for Small Business Capital Formation on rules and policies related to capital formation. The purpose is to ensure the SEC's rule-making process considers small business interests when developing securities regulations that affect capital formation.
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)
2 cosponsors
Money behind the sponsor
Top reported contributors to Vicente Gonzalez’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $61,275
- APOLLO GLOBAL MANAGEMENT $12,800
- SELECT DEDICATED SOLUTIONS $9,900
- AMSCOT FINANCIAL $9,100
- GARCIA HAMILTON AND ASSOCIATES $7,600
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Vicente Gonzalez → · Outside spending →
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).
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
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.
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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