HR 4449 · 119th Congress 2025โ€“2027

Advocating for Small Business Act

Latest action · Sep 8, 2025 Placed on the Union Calendar, Calendar No. 207.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedJul 16, 2025
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Cosponsors 2

Members who signed on, in the order they did. Signatures ran from Jul 16, 2025 to Jul 21, 2025; 1 is an original cosponsor, there from the day it was introduced.

SeatCosponsorSigned on
R-NYAndrew R. GarbarinoOriginalJul 16, 2025
R-PABrian K. FitzpatrickJul 21, 2025

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseFinancial Services Committee
Referred Jul 16, 2025Markup Jul 22, 2025Reported Sep 8, 2025

Actions 6

Everything that happened, newest first.

  1. Sep 8, 2025Reported by the Committee on Financial Services. H. Rept. 119-250.
  2. Sep 8, 2025Placed on the Union Calendar, Calendar No. 207.
  3. Jul 22, 2025Committee Consideration and Mark-up Session Held
  4. Jul 22, 2025Ordered to be Reported by the Yeas and Nays: 50 - 4.
  5. Jul 16, 2025Introduced in House

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Committee report

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: Article 1, Section 8

The sponsor’s statement, as printed in the Congressional Record, vol. 171, no. 122, July 16, 2025, page H3368.

CRS reports 1

Congressional Research Service work that CRS links to this bill or the law it became, newest first.

Cite it 1

Products on other subjects that cite it, usually among other measures.

Titles 3

Every title it has carried, official and short, at each stage.

Official Title as Introduced
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.
Short Title(s) as Introduced
Advocating for Small Business Act
Short Title(s) as Reported to House
Advocating for Small Business Act

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 2

Each version as it was printed, newest first.

  1. Sep 8, 2025Reported in House
  2. Jul 16, 2025Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.