Advocating for Small Business Act

The Advocating for Small Business Act would require the SEC to create an Office of Small Business inside each SEC division that writes rules. These offices would work with the SEC’s Office of the Advocate for Small Business Capital Formation to coordinate on rules and priorities about how businesses raise money.

This aims to give small businesses a clearer voice when the SEC makes rules that affect access to capital, such as how companies can raise funds from investors.

• Who is affected: Small businesses and SEC rule-writing divisions
• What changes: New Small Business Offices inside each rule-writing division, coordinating with the SEC’s small business advocate on capital formation policies
• When: The bill requires the SEC to set up these offices; no specific timeline is stated in the text provided