
H.R.2792 — Small Entity Update Act
House Roll Call
H.R.2792
Roll 238 • Congress 118, Session 1 • May 30, 2023 7:01 PM • Result: Passed
← Back to roll call list • View bill page • Clerk record • API source
| Bill | H.R.2792 — Small Entity Update Act |
|---|---|
| Vote question | On Motion to Suspend the Rules and Pass, as Amended |
| Vote type | 2/3 Yea-And-Nay |
| Result | Passed |
| Totals | Yea 367 / Nay 8 / Present 0 / Not Voting 60 |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| R | 189 | 8 | 0 | 25 |
| D | 178 | 0 | 0 | 35 |
| I | 0 | 0 | 0 | 0 |
Research Brief
On Motion to Suspend the Rules and Pass, as Amended
Bill Analysis
Bill Summary: HR 2792 - Small Entity Update Act
The Small Entity Update Act (HR 2792) aims to enhance the regulatory framework for small entities, including small businesses and nonprofit organizations, by updating the criteria used to define these entities under various federal laws. The bill seeks to ensure that small entities are not unduly burdened by regulatory requirements that may not be proportional to their size and capacity.
Key Provisions: HR 2792 mandates the Small Business Administration (SBA) to review and revise the size standards used to classify small entities at least every five years. This review process will consider economic factors such as inflation and industry-specific conditions to ensure that the definitions remain relevant and supportive of small entity growth. The bill also encourages federal agencies to adopt these updated standards in their regulatory frameworks.
Funding/Authorities: The bill does not allocate specific funding but empowers the SBA to utilize existing resources to conduct the required reviews. Additionally, it requires federal agencies to align their definitions and regulations with the updated SBA standards, thereby promoting consistency across federal regulations affecting small entities.
Programs/Agencies Affected: The primary agency impacted by this legislation is the Small Business Administration, along with other federal regulatory agencies that interact with small entities. The bill aims to streamline compliance processes and reduce regulatory burdens for small businesses across various sectors.
Beneficiaries and Regulation: Small businesses and nonprofit organizations classified as small entities under federal law will benefit from the updated definitions and reduced regulatory burdens. This bill is particularly significant for startups and small enterprises that may struggle with compliance costs.
Key Timelines: As of the latest action, HR 2792 has been received in the Senate, read twice, and referred to the Committee on Banking, Housing, and Urban Affairs. Further legislative action is anticipated as the bill progresses through the Senate committee process.
Yea (367)


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