IBUnion Calendar No. 207119th CONGRESS1st SessionH. R. 4449[Report No. 119–250]IN THE HOUSE OF REPRESENTATIVESJuly 16, 2025Mr. Vicente Gonzalez of Texas (for himself and Mr. Garbarino) introduced the following bill; which was referred to the Committee on Financial ServicesSeptember 8, 2025Additional sponsor: Mr. FitzpatrickSeptember 8, 2025Committed to the Committee of the Whole House on the State of the Union and ordered to be printedA BILLTo 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.

1.

Short title

This Act may be cited as the Advocating for Small Business Act.

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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..

September 8, 2025Committed to the Committee of the Whole House on the State of the Union and ordered to be printed