H.R. 3784 - SEC Small Business Advocate Act of 2016

Finance and financial sector. 114th Congress (2015-2016) View bill details
Sponsor:
Summary:
To amend the Securities Exchange Act of 1934 to establish an Office of the Advocate for Small Business Capital Formation and a Small Business Capital Formation Advisory Committee, and for other purposes. (by CRS) 
Status:
The bill has become law. 
Senate Vote: On Passage

by voice vote on December 10, 2016.

SEC Small Business Advocate Act of 2016

H.R. 3784 — 114th Congress (2015–2016)

Summary
To amend the Securities Exchange Act of 1934 to establish an Office of the Advocate for Small Business Capital Formation and a Small Business Capital Formation Advisory Committee, and for other purposes. (by CRS)
Learn More
At OpenCongress
Title
To amend the Securities Exchange Act of 1934 to establish an Office of the Advocate for Small Business Capital Formation and a Small Business Capital Formation Advisory Committee, and for other purposes.
Other Titles
  • SEC Small Business Advocate Act of 2015
  • SEC Small Business Advocate Act of 2015
  • SEC Small Business Advocate Act of 2016
  • SEC Small Business Advocate Act of 2016
  • SEC Small Business Advocate Act of 2016
  • SEC Small Business Advocate Act of 2016
Sponsor
John C. Carney Jr.
Co-Sponsors
Subjects
  • Finance and financial sector
  • Administrative law and regulatory procedures
  • Advisory bodies
  • Business investment and capital
  • Corporate finance and management
  • Economic performance and conditions
  • Executive agency funding and structure
  • Financial services and investments
  • Minority and disadvantaged businesses
  • Securities
  • Securities and Exchange Commission (SEC)
  • Small business
  • Women in business
Related Bills
Major Actions
Introduced10/21/2015
Referred to Committee
House2/01/2016
Senate12/10/2016
Signed by President12/16/2016
Bill History
Chamber/CommitteeMotionDateResult
select this voteHouseOn motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.2/01/2016 by voice vote
currently selectedSenatePassed Senate without amendment by Unanimous Consent.12/10/2016 by voice vote
ActionDateDescription
Introduced10/21/2015
10/21/2015Referred to the House Committee on Financial Services.
10/21/2015Introduced in House
12/02/2015Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
12/08/2015Committee Consideration and Mark-up Session Held.
12/09/2015Committee Consideration and Mark-up Session Held.
Put on a legislative calendar12/09/2015Ordered to be Reported (Amended) by the Yeas and Nays: 56 - 0.
2/01/2016Reported (Amended) by the Committee on Financial Services. H. Rept. 114-408.
Put on a legislative calendar2/01/2016Placed on the Union Calendar, Calendar No. 311.
2/01/2016Mr. Garrett moved to suspend the rules and pass the bill, as amended.
2/01/2016Considered under suspension of the rules.
2/01/2016DEBATE - The House proceeded with forty minutes of debate on H.R. 3784.
select this voteHouse Vote on Passage2/01/2016On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
2/01/2016Motion to reconsider laid on the table Agreed to without objection.
2/02/2016Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
12/10/2016Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
currently selectedSenate Vote on Passage12/10/2016Passed Senate without amendment by Unanimous Consent.
12/12/2016Message on Senate action sent to the House.
Presented to President12/15/2016Presented to President.
Signed12/16/2016Signed by President.
Enacted12/16/2016Became Public Law No: 114-284.
NumberSponsorDate OfferedStatus

Total contributions given to Senators from interest groups that…

200 times as much
$4,972,255
$358,176
$1,849,495
$392,318
$683,423
$547,752
$8,803,419
$43,350
$750
$44,100
8 Organizations Supported and 2 Opposed; See Which Ones

Organizations that took a position on
SEC Small Business Advocate Act of 2016: Passed Senate without amendment by Unanimous Consent.

8 organizations supported this bill

Association for Corporate Growth
Undersigned organizations (2015, October 22). H.R. 3784: SEC Small Business Advocate Act of 2015. Retrieved October 22, 2015, from Small Business and Entrepreneurship Council.
Biotechnology Industry Organization
Undersigned organizations (2015, October 22). H.R. 3784: SEC Small Business Advocate Act of 2015. Retrieved October 22, 2015, from Small Business and Entrepreneurship Council.
National Development Council
Undersigned organizations (2015, October 22). H.R. 3784: SEC Small Business Advocate Act of 2015. Retrieved February 1, 2016, from Small Business and Entrepreneurship Council.
National Small Business Association
Undersigned organizations (2015, October 22). H.R. 3784: SEC Small Business Advocate Act of 2015. Retrieved October 22, 2015, from Small Business and Entrepreneurship Council.
National Venture Capital Association
Undersigned organizations (2015, October 22). H.R. 3784: SEC Small Business Advocate Act of 2015. Retrieved October 22, 2015, from Small Business and Entrepreneurship Council.
Small Business & Entrepreneurship Council
Undersigned organizations (2015, October 22). H.R. 3784: SEC Small Business Advocate Act of 2015. Retrieved October 22, 2015, from Small Business and Entrepreneurship Council.
Small Business Investor Alliance
Undersigned organizations (2015, October 22). H.R. 3784: SEC Small Business Advocate Act of 2015. Retrieved October 22, 2015, from Small Business and Entrepreneurship Council.
U.S. Chamber of Commerce
Undersigned organizations (2015, October 22). H.R. 3784: SEC Small Business Advocate Act of 2015. Retrieved October 22, 2015, from Small Business and Entrepreneurship Council.

2 organizations opposed this bill

Americans for Financial Reform
Roper, Barbara & Stanley, Marcus (2015, December 7). AFR and CFA Oppose H.R. 2187 and H.R. 3784. Retrieved December 9, 2015, from Consumer Federation of America.
Consumer Federation of America
Roper, Barbara & Stanley, Marcus (2015, December 7). AFR and CFA Oppose H.R. 2187 and H.R. 3784. Retrieved December 14, 2015, from Consumer Federation of America.

Need proof?

View citations of support and opposition

Includes reported contributions to congressional campaigns of Senators in office on day of vote, from interest groups invested in the vote according to MapLight, November 29, 2010 – November 28, 2016.
Contributions data source: OpenSecrets.org

Contributions by Legislator

Namesort iconPartyState$ From Interest Groups
That Supported
$ From Interest Groups
That Opposed
Vote
Andrew Lamar AlexanderRTN$65,928$0Yes
Kelly AyotteRNH$169,924$0Yes
Tammy BaldwinDWI$45,327$0Yes
John BarrassoRWY$34,500$0Yes
Michael F. BennetDCO$278,833$1,000Yes
Richard BlumenthalDCT$94,050$0Yes
Roy BluntRMO$214,030$0Yes
Cory A. BookerDNJ$294,250$0Yes
John BoozmanRAR$22,850$0Yes
Barbara BoxerDCA$0$0Yes
Sherrod BrownDOH$65,529$250Yes
Richard BurrRNC$154,792$0Yes
Maria CantwellDWA$132,386$0Yes
Shelley Moore CapitoRWV$57,749$0Yes
Ben CardinDMD$69,750$2,500Yes
Tom CarperDDE$32,500$0Yes
Bob CaseyDPA$90,100$500Yes
Bill CassidyRLA$125,382$0Yes
Daniel CoatsRIN$6,500$1,000Yes
William Thad CochranRMS$49,000$0Yes
Susan M. CollinsRME$45,550$0Yes
Christopher A. CoonsDDE$71,250$0Yes
Bob CorkerRTN$54,526$0Yes
John CornynRTX$86,300$0Yes
Tom CottonRAR$92,517$5,200Yes
Mike CrapoRID$72,500$2,700Yes
Ted CruzRTX$103,600$0Yes
Steve DainesRMT$76,025$5,200Yes
Joe DonnellyDIN$21,700$0Yes
Dick DurbinDIL$62,150$0Yes
Mike EnziRWY$65,600$0Yes
Joni ErnstRIA$24,999$2,600Yes
Dianne FeinsteinDCA$108,492$0Yes
Deb FischerRNE$31,900$0Yes
Jeff FlakeRAZ$54,514$0Yes
Al FrankenDMN$75,028$0Yes
Cory GardnerRCO$125,302$0Yes
Kirsten E. GillibrandDNY$124,444$5,000Yes
Lindsey GrahamRSC$105,850$0Yes
Chuck GrassleyRIA$83,750$0Yes
Orrin G. HatchRUT$273,600$0Yes
Martin HeinrichDNM$40,800$500Yes
Heidi HeitkampDND$22,864$0Yes
Dean HellerRNV$67,984$0Yes
Mazie K. HironoDHI$34,000$0Yes
John HoevenRND$24,050$0Yes
Jim InhofeROK$9,850$0Yes
Johnny IsaksonRGA$77,650$0Yes
Ron JohnsonRWI$114,870$0Yes
Tim KaineDVA$171,650$1,250Yes
Angus S. King, Jr.IME$44,350$0Yes
Mark KirkRIL$91,850$0Yes
Amy KlobucharDMN$41,172$0Yes
James LankfordROK$26,450$0Yes
Patrick J. LeahyDVT$38,250$0Yes
Mike LeeRUT$97,500$0Yes
Joe Manchin, IIIDWV$40,750$0Yes
Ed MarkeyDMA$306,878$0Yes
John McCainRAZ$131,875$0Yes
Claire McCaskillDMO$113,061$0Yes
Addison "Mitch" McConnellRKY$189,149$5,200Yes
Bob MenéndezDNJ$62,851$0Yes
Jeff MerkleyDOR$56,750$500Yes
Barbara A. MikulskiDMD$19,811$0Yes
Jerry MoranRKS$55,950$0Yes
Lisa MurkowskiRAK$39,493$0Yes
Chris MurphyDCT$62,350$250Yes
Patty MurrayDWA$169,748$0Yes
Clarence "Bill" NelsonDFL$60,550$1,000Yes
Rand PaulRKY$39,975$0Yes
David PerdueRGA$75,133$0Yes
Gary C. PetersDMI$82,900$0Yes
Rob PortmanROH$233,930$0Yes
John "Jack" ReedDRI$5,000$0Yes
Harry ReidDNV$40,100$0Yes
Jim RischRID$39,000$0Yes
Charles "Pat" RobertsRKS$70,939$0Yes
Mike RoundsRSD$39,450$0Yes
Marco RubioRFL$166,530$1,000Yes
Bernie SandersIVT$2,750$0Yes
Ben SasseRNE$56,079$0Yes
Brian SchatzDHI$45,875$0Yes
Chuck SchumerDNY$323,499$1,000Yes
Tim ScottRSC$84,450$0Yes
Jeff SessionsRAL$3,500$0Yes
Jeanne ShaheenDNH$83,000$0Yes
Richard C. ShelbyRAL$17,500$1,000Yes
Debbie StabenowDMI$46,640$250Yes
Dan SullivanRAK$104,278$5,200Yes
Jon TesterDMT$90,190$250Yes
John ThuneRSD$73,612$0Yes
Thom TillisRNC$91,299$0Yes
Patrick J. ToomeyRPA$178,082$0Yes
Tom UdallDNM$38,533$0Yes
David VitterRLA$9,750$0Yes
Mark R. WarnerDVA$219,036$0Yes
Elizabeth WarrenDMA$232,373$750Yes
Sheldon WhitehouseDRI$111,833$0Yes
Roger F. WickerRMS$18,350$0Yes
Ron WydenDOR$204,350$0Yes

Add Data Filters:

Legislator Filters
Legislator Filters
NamePartyState$ From Interest Groups
That Supported
$ From Interest Groups
That Opposed
Vote
Andrew Lamar AlexanderRTN$65,928$0Yes
Kelly AyotteRNH$169,924$0Yes
Tammy BaldwinDWI$45,327$0Yes
John BarrassoRWY$34,500$0Yes
Michael F. BennetDCO$278,833$1,000Yes
Richard BlumenthalDCT$94,050$0Yes
Roy BluntRMO$214,030$0Yes
Cory A. BookerDNJ$294,250$0Yes
John BoozmanRAR$22,850$0Yes
Barbara BoxerDCA$0$0Yes
Sherrod BrownDOH$65,529$250Yes
Richard BurrRNC$154,792$0Yes
Maria CantwellDWA$132,386$0Yes
Shelley Moore CapitoRWV$57,749$0Yes
Ben CardinDMD$69,750$2,500Yes
Tom CarperDDE$32,500$0Yes
Bob CaseyDPA$90,100$500Yes
Bill CassidyRLA$125,382$0Yes
Daniel CoatsRIN$6,500$1,000Yes
William Thad CochranRMS$49,000$0Yes
Susan M. CollinsRME$45,550$0Yes
Christopher A. CoonsDDE$71,250$0Yes
Bob CorkerRTN$54,526$0Yes
John CornynRTX$86,300$0Yes
Tom CottonRAR$92,517$5,200Yes
Mike CrapoRID$72,500$2,700Yes
Ted CruzRTX$103,600$0Yes
Steve DainesRMT$76,025$5,200Yes
Joe DonnellyDIN$21,700$0Yes
Dick DurbinDIL$62,150$0Yes
Mike EnziRWY$65,600$0Yes
Joni ErnstRIA$24,999$2,600Yes
Dianne FeinsteinDCA$108,492$0Yes
Deb FischerRNE$31,900$0Yes
Jeff FlakeRAZ$54,514$0Yes
Al FrankenDMN$75,028$0Yes
Cory GardnerRCO$125,302$0Yes
Kirsten E. GillibrandDNY$124,444$5,000Yes
Lindsey GrahamRSC$105,850$0Yes
Chuck GrassleyRIA$83,750$0Yes
Orrin G. HatchRUT$273,600$0Yes
Martin HeinrichDNM$40,800$500Yes
Heidi HeitkampDND$22,864$0Yes
Dean HellerRNV$67,984$0Yes
Mazie K. HironoDHI$34,000$0Yes
John HoevenRND$24,050$0Yes
Jim InhofeROK$9,850$0Yes
Johnny IsaksonRGA$77,650$0Yes
Ron JohnsonRWI$114,870$0Yes
Tim KaineDVA$171,650$1,250Yes
Angus S. King, Jr.IME$44,350$0Yes
Mark KirkRIL$91,850$0Yes
Amy KlobucharDMN$41,172$0Yes
James LankfordROK$26,450$0Yes
Patrick J. LeahyDVT$38,250$0Yes
Mike LeeRUT$97,500$0Yes
Joe Manchin, IIIDWV$40,750$0Yes
Ed MarkeyDMA$306,878$0Yes
John McCainRAZ$131,875$0Yes
Claire McCaskillDMO$113,061$0Yes
Addison "Mitch" McConnellRKY$189,149$5,200Yes
Bob MenéndezDNJ$62,851$0Yes
Jeff MerkleyDOR$56,750$500Yes
Barbara A. MikulskiDMD$19,811$0Yes
Jerry MoranRKS$55,950$0Yes
Lisa MurkowskiRAK$39,493$0Yes
Chris MurphyDCT$62,350$250Yes
Patty MurrayDWA$169,748$0Yes
Clarence "Bill" NelsonDFL$60,550$1,000Yes
Rand PaulRKY$39,975$0Yes
David PerdueRGA$75,133$0Yes
Gary C. PetersDMI$82,900$0Yes
Rob PortmanROH$233,930$0Yes
John "Jack" ReedDRI$5,000$0Yes
Harry ReidDNV$40,100$0Yes
Jim RischRID$39,000$0Yes
Charles "Pat" RobertsRKS$70,939$0Yes
Mike RoundsRSD$39,450$0Yes
Marco RubioRFL$166,530$1,000Yes
Bernie SandersIVT$2,750$0Yes
Ben SasseRNE$56,079$0Yes
Brian SchatzDHI$45,875$0Yes
Chuck SchumerDNY$323,499$1,000Yes
Tim ScottRSC$84,450$0Yes
Jeff SessionsRAL$3,500$0Yes
Jeanne ShaheenDNH$83,000$0Yes
Richard C. ShelbyRAL$17,500$1,000Yes
Debbie StabenowDMI$46,640$250Yes
Dan SullivanRAK$104,278$5,200Yes
Jon TesterDMT$90,190$250Yes
John ThuneRSD$73,612$0Yes
Thom TillisRNC$91,299$0Yes
Patrick J. ToomeyRPA$178,082$0Yes
Tom UdallDNM$38,533$0Yes
David VitterRLA$9,750$0Yes
Mark R. WarnerDVA$219,036$0Yes
Elizabeth WarrenDMA$232,373$750Yes
Sheldon WhitehouseDRI$111,833$0Yes
Roger F. WickerRMS$18,350$0Yes
Ron WydenDOR$204,350$0Yes

Interest Groups that supported this bill

$ Donated
Venture capital$4,972,255
Biotech products & research$1,849,495
General business associations$683,423
Health & welfare policy$547,752
Small business associations$392,318
Chambers of commerce$358,176

Interest Groups that opposed this bill

$ Donated
Fiscal & tax policy$43,350
Consumer groups$750
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