Sponsors (3)
The bill institutionalizes small‑business representation in SEC rulewriting—potentially improving capital access and transparency for small issuers—at the cost of higher SEC administrative expenses, possible slower rulemaking, and risk of uneven benefits across issuers.
Small-business owners gain a clearer, institutionalized voice in SEC rulemaking through dedicated Offices of Small Business embedded in rulewriting divisions, making it more likely their concerns shape securities rules.
Coordination between these Offices and the Office of the Advocate for Small Business Capital Formation increases the chance that SEC rule priorities will support capital access for small issuers.
Creating focused internal units can improve administrative accountability and transparency about how small‑business concerns are considered in securities rulemaking.
Establishing and staffing new Offices will raise SEC administrative costs, which could be recovered via higher fees or budget reallocation that affects taxpayers and regulated firms.
Additional coordination and procedural requirements may slow SEC rulemaking, delaying implementation of new rules and adding burdens for financial institutions and federal employees.
If implementation is uneven across divisions, some small issuers could gain influence while others see no benefit, creating inconsistent outcomes for small businesses.
Based on analysis of 2 sections of legislative text.
Requires the SEC to create an Office of Small Business in each rulewriting division and coordinate those offices with the Office of the Advocate for Small Business Capital Formation.
Official title: 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.
Introduced July 16, 2025 by Vicente Gonzalez · Last progress July 16, 2025
Requires the Securities and Exchange Commission (SEC) to create an Office of Small Business inside each Commission division that writes rules, and to coordinate those offices with the Office of the Advocate for Small Business Capital Formation. The change creates new internal units and a formal interoffice coordination requirement aimed at aligning rulemaking and policy priorities with small-business capital-formation concerns.