Bill > S1806

This bill targets unused regulatory authorities granted to the Securities and Exchange Commission (SEC) under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Specifically, the bill terminates any SEC authority established by Dodd-Frank that provides discretion to create requirements for private entities, but for which the SEC had not issued a proposed rulemaking or guidance document before January 1, 2025. The bill requires the SEC to submit a public list to Congress within 180 days of enactment, detailing which specific authorities have been terminated. This legislation aims to reduce regulatory burden on businesses by eliminating unused or dormant regulatory powers that the SEC had not actively pursued or implemented. The bill's provisions apply not only to original Dodd-Frank authorities but also to authorities added through subsequent amendments to the Act, effectively streamlining the SEC's regulatory scope and potentially reducing compliance requirements for private businesses.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/1806/all-info