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Enhanced SEC Accountability: Cost-Benefit Analysis for Regulations

New rules require the Securities and Exchange Commission (SEC) to conduct a more thorough cost-benefit analysis before implementing new regulations. This aims to ensure that new rules are justified, understandable, and do not impose unnecessary burdens on citizens and businesses, including small enterprises. Citizens can expect more thoughtful and effective financial regulations.
Key points
SEC must identify the problem a regulation addresses and its impact on market participants.
Regulations can only be adopted if benefits outweigh costs, considering alternatives.
Regulations must be clear, understandable, and written in plain language.
Mandatory post-implementation impact assessment for major regulations, including job effects.
Cost-benefit analysis requirement extended to other securities market regulatory bodies.
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Additional Information
Print number: 117_HR_9603
Sponsor: Rep. Wagner, Ann [R-MO-2]
Process start date: 2022-12-15
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SEC Regulatory Accountability Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9603.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-12-15.

What are the main provisions?

Key points include:

  • SEC must identify the problem a regulation addresses and its impact on market participants.
  • Regulations can only be adopted if benefits outweigh costs, considering alternatives.
  • Regulations must be clear, understandable, and written in plain language.
  • Mandatory post-implementation impact assessment for major regulations, including job effects.
  • Cost-benefit analysis requirement extended to other securities market regulatory bodies.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Wagner, Ann [R-MO-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Courts and Law