It has cleared committee and can be brought up at any time, though no date is set.
Finance and Financial SectorAdministrative law and regulatory proceduresCongressional oversightGovernment information and archivesGovernment studies and investigationsLicensing and registrationsFinancial services and investmentsSecuritiesAccounting and auditingComputer security and identity theftSecurities and Exchange Commission (SEC)
Why This Matters
This bill improves how the Securities and Exchange Commission creates and oversees regulations, requiring better assessments and more transparency.
If you invest in the stock market, this bill aims to enhance regulatory oversight and transparency in securities regulations.
Who this affects
Investors · Public companies · Financial regulators
What changes is this bill making?
1The Securities and Exchange Commission must evaluate the costs and benefits of new regulations before proposing them.
2The Commission will hold semiannual hearings to report its activities to Congress.
3The Government Accountability Office will audit the Commission's technology and data handling.
4The Public Company Accounting Oversight Board will be transferred to the Securities and Exchange Commission.
