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News July 30, 2018 Issue

Bill Requiring SEC to Redefine Small Business Moves Forward in Congress

Small business needs may soon play a greater part in SEC deliberations. The House of Representatives on July 17 with an overwhelming bipartisan vote passed a bill that would require the SEC to redefine the definitions of "small business" and "small organization" and thereby force the agency to better consider the needs of small advisers when formulating new rules or other proposals.

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