Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
The bill adds a new subsection to the Securities Exchange Act directing that any discretionary authority given to the SEC by the Dodd-Frank Act to impose requirements on private entities is terminated if the SEC had not issued a proposed rulemaking notice or guidance for that authority before January 1, 2025. The provision covers authorities created by Dodd-Frank and related amendments, and requires the SEC to publish a list of terminated authorities within 180 days of enactment.
Progressives emphasize rollback of post-2008 investor protections.
Relative to its intended legislative type, this bill clearly identifies a narrow statutory objective (terminating certain unused SEC authorities created under Dodd-Frank) and prescribes an immediate legal effect plus a single reporting requirement, but it lacks detailed definitions, fiscal analysis, transitional provisions, and integration with existing statutory text.
The bill adds a new subsection to the Securities Exchange Act directing that any discretionary authority given to the SEC by the Dodd-Frank Act to impose requirements on private entities is terminated if the SEC had not issued a proposed rulemaking notice or guidance for that authority before January 1, 2025.
The provision covers authorities created by Dodd-Frank and related amendments, and requires the SEC to publish a list of terminated authorities within 180 days of enactment.
Narrow but ideologically charged deregulatory measure faces partisan resistance, likely procedural hurdles in the Senate, and possible legal or administrative pushback.
Relative to its intended legislative type, this bill clearly identifies a narrow statutory objective (terminating certain unused SEC authorities created under Dodd-Frank) and prescribes an immediate legal effect plus a single reporting requirement, but it lacks detailed definitions, fiscal analysis, transitional provisions, and integration with existing statutory text.
Progressives emphasize rollback of post-2008 investor protections.
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives emphasize rollback of post-2008 investor protections.
Likely opposed.
Views the bill as a broad rollback of tools Congress gave the SEC after the 2008 crisis and a constraint on future investor protections.
Concerned it removes precautionary powers before risks are fully evaluated.
Mixed.
Sees merit in pruning unused discretionary authorities but worries about unintended gaps in oversight.
Would prefer targeted, evidence-based review rather than blanket termination.
Generally supportive.
Frames the bill as rein in regulatory overreach and prevent agencies using open-ended Dodd-Frank authorities to impose new mandates without Congressional approval.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Narrow but ideologically charged deregulatory measure faces partisan resistance, likely procedural hurdles in the Senate, and possible legal or administrative pushback.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize rollback of post-2008 investor protections.
Narrow but ideologically charged deregulatory measure faces partisan resistance, likely procedural hurdles in the Senate, and possible lega…
Relative to its intended legislative type, this bill clearly identifies a narrow statutory objective (terminating certain unused SEC authorities created under Dodd-Frank) and prescribes an immediate legal effect plus a…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.