Tells Securities and Exchange Commission to review small entity definition

Requires the Securities and Exchange Commission to study its definition of "small entity" and update rules to reduce the impact on small businesses and other small entities.

• The Securities and Exchange Commission must study how its rules affect small businesses and other small entities
• The commission must recommend how to expand the number of entities covered
• Dollar amounts used to define small entities would be adjusted for inflation every five years
• The commission must revise its rules to carry out the recommendations

Passed the House · Senate's turn

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