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Exclusive: Senate bill would loosen SEC definition of small business

Summary by American Banker
A bipartisan bill offered Monday by Senate Banking Committee members Katie Britt, R-Ala., and Andy Kim, D-N.J., would force the Securities and Exchange Commission to update a 25-year-old threshold that holds small financial firms to higher regulatory standards.
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American BankerAmerican Banker

Exclusive: Senate bill would loosen SEC definition of small business

A bipartisan bill offered Monday by Senate Banking Committee members Katie Britt, R-Ala., and Andy Kim, D-N.J., would force the Securities and Exchange Commission to update a 25-year-old threshold that holds small financial firms to higher regulatory standards.

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American Banker broke the news in on Monday, September 29, 2025.
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