Advocating for Small Business Act

This bill, titled the "Advocating for Small Business Act," proposes to amend the Securities Exchange Act of 1934 to enhance the Securities and Exchange Commission's focus on small business concerns. It mandates the establishment of an Office of Small Business within every division of the SEC responsible for rule-writing activities. These new offices are tasked with coordinating closely with the existing Office of the Advocate for Small Business Capital Formation . This coordination will center on developing rules and policy priorities that directly impact capital formation for small businesses, aiming to make the SEC more small business friendly.