Latest action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Referred to one or more standing committees for review, hearings, and possible markup.
Specific committees not parsed from action data.
The committee may hold hearings, amend the bill, or let it die without action.
Next: Reported
Full chamber floor — Speaker / Majority Leader controls scheduling
Changes audit rules for small businesses to make compliance easier and less costly.
The problem
Small businesses face expensive and complex audit requirements that are difficult to meet. These costs can burden companies trying to grow.
The proposal
Modifies audit standards and procedures specifically for small businesses to reduce complexity and compliance costs while maintaining accountability.
The impact
Small business owners benefit from lower audit costs. Auditors may need to learn new procedures. Investors get different oversight levels.
Reduces expensive audit requirements that can burden small companies. Saves money that businesses can use for growth or hiring instead.
Makes audit procedures less complicated for small firms to understand and follow. Reduces confusion and errors in reporting.
Lower audit costs may help small businesses attract investors more easily. Companies can grow without excessive accounting expenses.
Owners spend less time on paperwork and compliance activities. More focus on actual business operations.
Reduced audit requirements might miss fraud or financial problems. Less detailed scrutiny could hide business mismanagement.
People investing in small businesses may trust financial reports less. Could make it harder to raise money from cautious investors.
Audit firms may do less work for small business clients. Could reduce jobs in accounting firms.
Different rules for small versus large businesses create complexity. May cause confusion about what compliance really means.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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