BIO applauded Representatives John Carney (D-DE), Sean Duffy (R-WI), Mike Quigley (D-IL), and Ander Crenshaw (R-FL) for introducing HR 3784, SEC Small Business Advocate Act. This legislation would establish Office of the Small Business Advocate at Securities and Exchange Commission (SEC) to facilitate small business capital formation and ensure SEC takes into account impacts of regulatory burdens on growing companies as it considers new compliance requirements.