Bill > HR3484

This bill, called the Business Owners Protection Act of 2025, proposes to eliminate several unused or redundant regulatory authorities previously established by the Dodd-Frank Wall Street Reform and Consumer Protection Act within the Securities and Exchange Commission (SEC). Specifically, the bill repeals subsection (o) of the Securities Exchange Act of 1934, which relates to restrictions on mandatory predispute arbitration, removes certain authorities related to fiduciary duties in both the Securities Exchange Act and the Investment Advisers Act by striking provisions that required the SEC to facilitate specific actions beyond its primary mandate, and eliminates a subsection related to standards of conduct. These changes effectively reduce the SEC's regulatory scope by removing what the bill's sponsors likely consider unnecessary or overly broad powers. The bill aims to streamline SEC regulations and potentially reduce regulatory burden on businesses by removing what are perceived as unused or redundant regulatory authorities established during the post-2008 financial crisis regulatory reform period.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/3484/all-info