118th Congress · HOUSE BILLBILL

H.R. 7030REG Act of 2024

To require the Securities and Exchange Commission to periodically review final rules issued by the Commission and to amend the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940 to require the Securities and Exchange Commission to consider the cumulative effect of proposed and final rules, and for other purposes.

Finance and financial sector
Introduced Jan 18, 2024
Last action Jan 18, 2024
Pipeline · Bill → Law
Step 1
Introduced
Jan 18, 2024
Step 2
Referred
Jan 18, 2024
Financial Services
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill requires the Securities and Exchange Commission (SEC) to review its final rules every five years to determine if revision is necessary or appropriate to facilitate capital formation, to maintain fair and orderly markets, and for investor protection. The SEC must periodically report to Congress on this effort. When engaged in rulemaking, the SEC must consider whether a new rule will promote efficiency, competition, and capital formation when considered cumulatively with other rules and regulations.

Provisions · 3 sectionsIntroduced in House
Timeline · 2 actions
Jan 18, 2024
Introduced in House
Jan 18, 2024
Referred to the House Committee on Financial Services.