Bill > HR2354

This bill, titled the Streamlining Excessive and Costly Regulations Review Act, mandates that the Securities and Exchange Commission (SEC) periodically review its significant regulations, which are defined as "major rules" under existing law. Within five years of the bill's enactment and at least once every ten years thereafter, the SEC must vote on whether each significant regulation is outdated, ineffective, overly burdensome, or no longer serves the public interest or its mandate to protect investors, maintain fair markets, and facilitate capital formation. Following this determination, the SEC must seek public input on whether the regulation should be changed or eliminated, and then act accordingly by amending or repealing the regulation. The SEC is required to report its findings and actions to specific congressional committees, and any decisions made by the SEC regarding these regulations are considered final and cannot be challenged in court.