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SEC Rule Review: Ensuring Market Growth and Investor Protection

This new law requires the Securities and Exchange Commission (SEC) to regularly review its rules to ensure they support market growth and protect investors. This aims to keep regulations current and prevent them from hindering investment, potentially impacting the safety of your savings and investment opportunities.
Key points
The SEC must review its rules every 5 years to ensure they are still necessary and effective.
The Commission will need to consider the combined effect of all rules, both new and existing, on the market and investors.
The SEC will regularly report to Congress and the public on its review findings and actions taken.
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Expired
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Additional Information
Print number: 118_HR_7030
Sponsor: Rep. Kim, Young [R-CA-40]
Process start date: 2024-01-18
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

REG Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7030.

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 2024-01-18.

What are the main provisions?

Key points include:

  • The SEC must review its rules every 5 years to ensure they are still necessary and effective.
  • The Commission will need to consider the combined effect of all rules, both new and existing, on the market and investors.
  • The SEC will regularly report to Congress and the public on its review findings and actions taken.
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. Kim, Young [R-CA-40].

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 2025-12-25.

CATEGORIES

Economy