All Info - H.R.3784 - 114th Congress (2015-2016): SEC Small Business Advocate Act of 2016 | Congress.gov

Sponsor:	Rep. Carney, John C., Jr. [D-DE-At Large] (Introduced 10/21/2015)
Committees:	House - Financial Services \| Senate - Banking, Housing, and Urban Affairs
Committee Reports:	H. Rept. 114-408
Latest Action:	12/16/2016 Became Public Law No: 114-284. (TXT \| PDF) (All Actions)

Titles (6)

Short Titles

Short Titles as Enacted

SEC Small Business Advocate Act of 2016

Short Titles as Passed House

SEC Small Business Advocate Act of 2016

Short Titles as Reported to House

SEC Small Business Advocate Act of 2015

Short Titles as Introduced

SEC Small Business Advocate Act of 2015

Short Titles as Passed Senate

SEC Small Business Advocate Act of 2016

Official Titles

Official Title as Introduced

To amend the Securities Exchange Act of 1934 to establish an Office of the Advocate for Small Business Capital Formation and a Small Business Capital Formation Advisory Committee, and for other purposes.

Actions Overview (8)

Date	Actions Overview
12/16/2016	Became Public Law No: 114-284. (TXT \| PDF)
12/16/2016	Signed by President.
12/15/2016	Presented to President.
12/10/2016	Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
12/10/2016	Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.(consideration: CR S7108)
02/01/2016	Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H379-381)
02/01/2016	Reported (Amended) by the Committee on Financial Services. H. Rept. 114-408.
10/21/2015	Introduced in House

All Actions (20)

Date	Chamber	All Actions
12/16/2016		Became Public Law No: 114-284. (TXT \| PDF)
12/16/2016		Signed by President.
12/15/2016	House	Presented to President.
12/12/2016	Senate	Message on Senate action sent to the House.
12/10/2016	Senate	Passed Senate without amendment by Unanimous Consent.
12/10/2016	Senate	Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. (consideration: CR S7108)
02/02/2016	Senate	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
02/01/2016-3:40pm	House	Motion to reconsider laid on the table Agreed to without objection.
02/01/2016-3:40pm	House	On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H379-381)
02/01/2016-3:29pm	House	DEBATE - The House proceeded with forty minutes of debate on H.R. 3784.
02/01/2016-3:29pm	House	Considered under suspension of the rules. (consideration: CR H379-382)
02/01/2016-3:29pm	House	Mr. Garrett moved to suspend the rules and pass the bill, as amended.
02/01/2016	House	Placed on the Union Calendar, Calendar No. 311.
02/01/2016	House	Reported (Amended) by the Committee on Financial Services. H. Rept. 114-408.
12/09/2015	House	Ordered to be Reported (Amended) by the Yeas and Nays: 56 - 0. Action By: Committee on Financial Services
12/09/2015	House	Committee Consideration and Mark-up Session Held. Action By: Committee on Financial Services
12/08/2015	House	Committee Consideration and Mark-up Session Held. Action By: Committee on Financial Services
12/02/2015	House	Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral. Action By: House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises
10/21/2015	House	Referred to the House Committee on Financial Services.
10/21/2015	House	Introduced in House

Cosponsors (9)

* = Original cosponsor

Cosponsor	Date Cosponsored
Rep. Duffy, Sean P. [R-WI-7]*	10/21/2015
Rep. Quigley, Mike [D-IL-5]*	10/21/2015
Rep. Crenshaw, Ander [R-FL-4]*	10/21/2015
Rep. Sherman, Brad [D-CA-30]	11/05/2015
Rep. Fincher, Stephen Lee [R-TN-8]	12/01/2015
Rep. Maloney, Carolyn B. [D-NY-12]	12/02/2015
Rep. Rice, Kathleen M. [D-NY-4]	12/02/2015
Rep. Kildee, Daniel T. [D-MI-5]	12/10/2015
Rep. Velazquez, Nydia M. [D-NY-7]	12/10/2015

Committees (2)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee	Date	Activity	Related Documents
House Financial Services	10/21/2015	Referred to
	12/09/2015	Markup by
	02/01/2016	Reported by	H. Rept. 114-408
House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises	12/02/2015	Hearings by
Senate Banking, Housing, and Urban Affairs	02/02/2016	Referred to
Senate Banking, Housing, and Urban Affairs	12/10/2016	Discharged from

A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-congress measures.

Bill	Latest Title	Relationships to H.R.3784	Relationships Identified by	Latest Action
Alert: Scroll right to see more data
H.R.4168	Small Business Capital Formation Enhancement Act	Related bill	CRS	02/03/2016 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 361.
H.R.5485	Financial Services and General Government Appropriations Act, 2017	Related bill	CRS	07/12/2016 Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 557.
H.R.5983	Financial CHOICE Act of 2016	Related bill	CRS	12/20/2016 Placed on the Union Calendar, Calendar No. 693.
H.R.6427	Creating Financial Prosperity for Businesses and Investors Act	Related bill	CRS	12/06/2016 Received in the Senate.
S.2867	SEC Small Business Advocate Act of 2016	Related bill	CRS	06/14/2016 Committee on Banking, Housing, and Urban Affairs. Hearings held.

Subjects (13)

Latest Summary (4)

There are 4 summaries for H.R.3784. View summaries

Shown Here:
Public Law No: 114-284 (12/16/2016)

(This measure has not been amended since it was passed by the House on February 1, 2016. The summary of that version is repeated here.)

SEC Small Business Advocate Act of 2016

(Sec. 2) This bill amends the Securities Exchange Act of 1934 to establish within the Securities and Exchange Commission (SEC) an Office of the Advocate for Small Business Capital Formation.

The Advocate for Small Business Capital Formation shall:

assist small businesses and small business investors in resolving significant problems they may have with the SEC or with self-regulatory organizations;
identify areas in which such businesses and investors would benefit from changes in SEC regulations or the rules of such organizations;
identify problems that small businesses have with securing access to capital, including any unique challenges to minority-owned and women-owned small businesses;
analyze the potential impact on such businesses and investors of proposed SEC regulations and proposed rules that are likely to have a significant economic impact on small businesses and small business capital formation;
conduct outreach to such businesses and investors to solicit views on relevant capital formation issues;
propose to the SEC changes in its regulations or orders, and propose to Congress legislative, administrative, or personnel changes, to mitigate problems identified and to promote the interests of such businesses and investors;
consult with the Investor Advocate on such proposals and advise the Investor Advocate on small business-related issues;
submit annual reports on its activities to specified congressional committees; and
be responsible for planning, organizing, and executing the annual Government-Business Forum on Small Business Capital Formation.

The bill also establishes the Small Business Capital Formation Advisory Committee, which shall provide the SEC with advice on SEC rules, regulations, and policies regarding its mission of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation, as they relate to:

capital raising by emerging, privately held small businesses and publicly traded companies with less than $250 million in public market capitalization through securities offerings;
trading in the securities of such businesses and companies; and
public reporting and corporate governance requirements of such businesses and companies.

The SEC shall assess the committee's recommendations and disclose any action it intends to take with respect to such recommendations.

All Summaries (4)

There are 4 summaries for H.R.3784. Public Law | Passed Senate without amendment | Passed House amended | Introduced in House

Shown Here:
Public Law (12/16/2016)

(This measure has not been amended since it was passed by the House on February 1, 2016. The summary of that version is repeated here.)

SEC Small Business Advocate Act of 2016

(Sec. 2) This bill amends the Securities Exchange Act of 1934 to establish within the Securities and Exchange Commission (SEC) an Office of the Advocate for Small Business Capital Formation.

The Advocate for Small Business Capital Formation shall:

assist small businesses and small business investors in resolving significant problems they may have with the SEC or with self-regulatory organizations;
identify areas in which such businesses and investors would benefit from changes in SEC regulations or the rules of such organizations;
identify problems that small businesses have with securing access to capital, including any unique challenges to minority-owned and women-owned small businesses;
analyze the potential impact on such businesses and investors of proposed SEC regulations and proposed rules that are likely to have a significant economic impact on small businesses and small business capital formation;
conduct outreach to such businesses and investors to solicit views on relevant capital formation issues;
propose to the SEC changes in its regulations or orders, and propose to Congress legislative, administrative, or personnel changes, to mitigate problems identified and to promote the interests of such businesses and investors;
consult with the Investor Advocate on such proposals and advise the Investor Advocate on small business-related issues;
submit annual reports on its activities to specified congressional committees; and
be responsible for planning, organizing, and executing the annual Government-Business Forum on Small Business Capital Formation.

The bill also establishes the Small Business Capital Formation Advisory Committee, which shall provide the SEC with advice on SEC rules, regulations, and policies regarding its mission of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation, as they relate to:

capital raising by emerging, privately held small businesses and publicly traded companies with less than $250 million in public market capitalization through securities offerings;
trading in the securities of such businesses and companies; and
public reporting and corporate governance requirements of such businesses and companies.

The SEC shall assess the committee's recommendations and disclose any action it intends to take with respect to such recommendations.

Shown Here:
Passed Senate without amendment (12/10/2016)

(This measure has not been amended since it was passed by the House on February 1, 2016. The summary of that version is repeated here.)

SEC Small Business Advocate Act of 2016

(Sec. 2) This bill amends the Securities Exchange Act of 1934 to establish within the Securities and Exchange Commission (SEC) an Office of the Advocate for Small Business Capital Formation.

The Advocate for Small Business Capital Formation shall:

assist small businesses and small business investors in resolving significant problems they may have with the SEC or with self-regulatory organizations;
identify areas in which such businesses and investors would benefit from changes in SEC regulations or the rules of such organizations;
identify problems that small businesses have with securing access to capital, including any unique challenges to minority-owned and women-owned small businesses;
analyze the potential impact on such businesses and investors of proposed SEC regulations and proposed rules that are likely to have a significant economic impact on small businesses and small business capital formation;
conduct outreach to such businesses and investors to solicit views on relevant capital formation issues;
propose to the SEC changes in its regulations or orders, and propose to Congress legislative, administrative, or personnel changes, to mitigate problems identified and to promote the interests of such businesses and investors;
consult with the Investor Advocate on such proposals and advise the Investor Advocate on small business-related issues;
submit annual reports on its activities to specified congressional committees; and
be responsible for planning, organizing, and executing the annual Government-Business Forum on Small Business Capital Formation.

The bill also establishes the Small Business Capital Formation Advisory Committee, which shall provide the SEC with advice on SEC rules, regulations, and policies regarding its mission of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation, as they relate to:

capital raising by emerging, privately held small businesses and publicly traded companies with less than $250 million in public market capitalization through securities offerings;
trading in the securities of such businesses and companies; and
public reporting and corporate governance requirements of such businesses and companies.

The SEC shall assess the committee's recommendations and disclose any action it intends to take with respect to such recommendations.

Shown Here:
Passed House amended (02/01/2016)

SEC Small Business Advocate Act of 2016

(Sec. 2) This bill amends the Securities Exchange Act of 1934 to establish within the Securities and Exchange Commission (SEC) an Office of the Advocate for Small Business Capital Formation.

The Advocate for Small Business Capital Formation shall:

assist small businesses and small business investors in resolving significant problems they may have with the SEC or with self-regulatory organizations;
identify areas in which such businesses and investors would benefit from changes in SEC regulations or the rules of such organizations;
identify problems that small businesses have with securing access to capital, including any unique challenges to minority-owned and women-owned small businesses;
analyze the potential impact on such businesses and investors of proposed SEC regulations and proposed rules that are likely to have a significant economic impact on small businesses and small business capital formation;
conduct outreach to such businesses and investors to solicit views on relevant capital formation issues;
propose to the SEC changes in its regulations or orders, and propose to Congress legislative, administrative, or personnel changes, to mitigate problems identified and to promote the interests of such businesses and investors;
consult with the Investor Advocate on such proposals and advise the Investor Advocate on small business-related issues;
submit annual reports on its activities to specified congressional committees; and
be responsible for planning, organizing, and executing the annual Government-Business Forum on Small Business Capital Formation.

The bill also establishes the Small Business Capital Formation Advisory Committee, which shall provide the SEC with advice on SEC rules, regulations, and policies regarding its mission of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation, as they relate to:

capital raising by emerging, privately held small businesses and publicly traded companies with less than $250 million in public market capitalization through securities offerings;
trading in the securities of such businesses and companies; and
public reporting and corporate governance requirements of such businesses and companies.

The SEC shall assess the Committee's recommendations and disclose any action it intends to take with respect to such recommendations.

Shown Here:
Introduced in House (10/21/2015)

SEC Small Business Advocate Act of 2015

This bill amends the Securities Exchange Act of 1934 to establish within the Securities and Exchange Commission (SEC) an Office of the Advocate for Small Business Capital Formation.

The Advocate for Small Business Capital Formation shall:

assist small businesses and small business investors in resolving significant problems they may have with the SEC or with self-regulatory organizations;
identify areas in which such businesses and investors would benefit from changes in SEC regulations or the rules of such organizations;
identify problems that small businesses have with securing access to capital;
analyze the potential impact on such businesses and investors of proposed SEC regulations and proposed rules that are likely to have a significant economic impact on small businesses and small business capital formation;
conduct outreach to such businesses and investors to solicit views on relevant capital formation issues;
propose to the SEC changes in its regulations or orders, and propose to Congress legislative, administrative, or personnel changes, to mitigate problems identified and to promote the interests of such businesses and investors;
consult with the Investor Advocate on such proposals and advise the Investor Advocate on small business-related issues;
submit annual reports on its activities to specified congressional committees; and
be responsible for planning, organizing, and executing the annual Government-Business Forum on Small Business Capital Formation.

The bill also establishes the Small Business Capital Formation Advisory Committee, which shall provide the SEC with advice on SEC rules, regulations, and policies regarding its mission of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation, as they relate to:

capital raising by emerging, privately held small businesses and publicly traded companies with less than $250 million in public market capitalization through securities offerings;
trading in the securities of such businesses and companies; and
public reporting and corporate governance requirements of such businesses and companies.

The SEC shall assess the Committee's recommendations and disclose any action it intends to take with respect to such recommendations.

All Information (Except Text) for H.R.3784 - SEC Small Business Advocate Act of 2016114th Congress (2015-2016)

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Titles (6)

Short Titles

Short Titles as Enacted

Short Titles - House of Representatives

Short Titles as Passed House

Short Titles as Reported to House

Short Titles as Introduced

Short Titles - Senate

Short Titles as Passed Senate

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

Actions Overview (8)

All Actions (20)

Cosponsors (9)

Committees (2)

Subjects (13)

Subject — Policy Area:

Latest Summary (4)

Shown Here:
Public Law No: 114-284 (12/16/2016)

All Summaries (4)

Shown Here:
Public Law (12/16/2016)

Shown Here:
Passed Senate without amendment (12/10/2016)

Shown Here:
Passed House amended (02/01/2016)

Shown Here:
Introduced in House (10/21/2015)

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All Information (Except Text) for H.R.3784 - SEC Small Business Advocate Act of 2016114th Congress (2015-2016)

Law

Tracker:

More on This Bill

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Titles (6)

Short Titles

Short Titles as Enacted

Short Titles - House of Representatives

Short Titles as Passed House

Short Titles as Reported to House

Short Titles as Introduced

Short Titles - Senate

Short Titles as Passed Senate

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

Actions Overview (8)

All Actions (20)

Cosponsors (9)

Committees (2)

Related Bills (5)

Subjects (13)

Subject — Policy Area:

Latest Summary (4)

Shown Here:Public Law No: 114-284 (12/16/2016)

All Summaries (4)

Shown Here:Public Law (12/16/2016)

Shown Here:Passed Senate without amendment (12/10/2016)

Shown Here:Passed House amended (02/01/2016)

Shown Here:Introduced in House (10/21/2015)

Shown Here:
Public Law No: 114-284 (12/16/2016)

Shown Here:
Public Law (12/16/2016)

Shown Here:
Passed Senate without amendment (12/10/2016)

Shown Here:
Passed House amended (02/01/2016)

Shown Here:
Introduced in House (10/21/2015)