SEC small business office would add rural-area businesses to its focus groups
Passed both chambersH.R. 1190Latest action
Sponsor: Troy Downing · Representative · MT
AIDecoded by AI · checked against the recordRead the official text
Official title: Expanding Access to Capital for Rural Job Creators Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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HR 1190 would add rural-area small businesses to the groups a Securities and Exchange Commission office must give special attention.
45-second read · 4 questions answered below
What does this do?
HR 1190 changes Section 4(j) of the Securities Exchange Act, which sets up an office inside the SEC that helps small businesses raise money from investors. The bill adds "rural-area small businesses" to the lists of groups the office must look at, in two places: one covering its duties and one covering its yearly event and report. The bill creates no new funding, loans, or rules for businesses.
Who does it affect?
Owners of small businesses in rural areas could see more attention from the SEC office on the challenges they face in finding investors. SEC staff would have one more group to cover in their work and reports.
Why does it matter?
The SEC office would have to look at and work with rural small businesses alongside women-owned, veteran-owned, and other listed groups. The bill does not define "rural" in the text shown, so the SEC would likely decide that in practice.
AI-drafted summary. Check it against the official text before you act on it.
Based on the “Referred in Senate” text of Jun 24, 2025.
Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedFeb 11, 2025
- House committee
- House vote
- Senate
- The president's deskYou are here · Sep 29, 2026
Right now: both chambers have passed it. It goes to the president next.
Latest action: — Passed Senate without amendment by Unanimous Consent. (consideration: CR S5185)