Press Releases

This week, the House of Representatives passed 12 bipartisan bills from the House Committee on Financial Services. Cumulatively, these bills promote small businesses, modernize the accredited investor definition, support our allies abroad, and more.

H.R. 3395, the Middle Market IPO Underwriting Cost Act, sponsored by Rep. Jim Himes (CT-04), unanimously passed the House by voice vote. H.R. 3395 includes a study to help Congress, and the market, better understand the costs associated with small- and medium-sized companies going public through the IPO process.

• WATCH Chairman French Hill (AR-02) speak in support of the bill here.

H.R. 1716, the Taiwan Conflict Deterrence Act of 2025, sponsored by Republican Conference Chairwoman Lisa McClain (MI-09), unanimously passed the House by voice vote. H.R. 1716 requires the Secretary of Treasury to disclose the estimated illicit funds of China’s top officials in Beijing if China makes any attempt to threaten Taiwan’s national security.

• WATCH Conference Chair McClain speak in support of the bill here.

H.R. 1469, the Senior Security Act, sponsored by Subcommittee on Capital Markets Chairwoman Ann Wagner (MO-02) and Rep. Josh Gottheimer (NJ-05), unanimously passed the House by voice vote. H.R. 1469 establishes a Senior Investor Taskforce within the SEC to monitor trends, threats, and recommend policy changes aimed at protecting America’s seniors from financial exploitation.

• WATCH Chairwoman Wagner speak in support of the bill here.

H.R. 3382, the Small Entity Update Act, sponsored by Chairwoman Wagner, unanimously passed the House by voice vote. H.R. 3382 directs the SEC to carry out a study and rulemaking to modernize the definition of a small entity and ensure that small firms are given tailored, proportional oversight.

• WATCH Chairwoman Wagner speak in support of the bill here.

H.R. 3339, the Equal Opportunity for All Investors Act, sponsored by Subcommittee on Housing and Insurance Chairman Mike Flood (NE-01), unanimously passed the House by voice vote. H.R. 3339 establishes an exam that allows individuals to qualify as accredited investors by demonstrating their understanding of private markets.

• WATCH Chairman Flood speak in support of the bill here.

H.R. 2384, the Financial Technology Protection Act, sponsored by Rep. Zach Nunn (IA-03), unanimously passed the House by voice vote. H.R. 2384 establishes an Independent Financial Technology Working Group to combat terrorism, money laundering, and other illicit finance through the use of financial technologies, including digital assets.

• WATCH Rep. Nunn speak in support of the bill here.

H.R. 3343, the Greenlighting Growth Act, sponsored by Rep. Mike Haridopolos (FL-08), unanimously passed the House by voice vote. H.R. 3343 updates Title I of the JOBS Act by clarifying that current and former Emerging Growth Companies do not need to provide financial statements for a period earlier than the two years of audited financial statements required during their IPO.

• WATCH Rep. Haridopolos speak in support of the bill here.

H.R. 3351, the Improving Access to Small Business Information Act, sponsored by Rep. Young Kim (CA-40), passed the House by a bipartisan vote of 387-12. H.R. 3351 clarifies that the SEC’s Office of the Advocate for Small Business Capital Formation is not subject to the Paperwork Reduction Act’s requirements.

• WATCH Rep. Kim speak in support of the bill here.

H.R. 1450, the OFAC Licensure for Investigators Act, sponsored by Rep. Joyce Beatty (OH-03) and Rep. Nunn, unanimously passed the House by voice vote. H.R. 1450 authorizes private sector firms, operating under an Office of Foreign Assets Control (OFAC) license, to conduct nominal transactions with sanctioned entities.

• WATCH Rep. Nunn speak in support of the bill here.

H.R. 1549, the China Financial Threat Mitigation Act of 2025, sponsored by Rep. Roger Williams (TX-25), passed the House by voice vote. H.R. 1549 requires a report from the Department of Treasury reviewing the risks from China’s financial sector, the reliability of its economic data, and call for a stronger multilateral cooperation to protect our nation’s interests.

• WATCH Rep. Williams speak in support of the bill here.

H.R. 1764, the Aligning SEC Regulations for the World Bank’s International Development Association (IDA) Act, sponsored by Ranking Member Maxine Waters (CA-43), unanimously passed the House by voice vote. H.R. 1764 classifies securities issued by the IDA as exempted securities, subject to appropriate reporting requirements as determined by the Securities and Exchange Commission (SEC).

• WATCH Chairman Hill speak in support of the bill here.

H.R. 3357, the Enhancing Multi-Class Share Disclosures Act, sponsored by Rep. Gregory Meeks (NY-6), passed the House by a bipartisan vote of 381-31. H.R. 3357 requires issuers with a multi-class stock structure to make certain disclosures in any proxy or consent solicitation material.

• WATCH Chairman Hill speak in support of the bill here.