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Independent Audit of SEC Financial Regulations: Costs and Investor Protection.

This law mandates that the Comptroller General (GAO) regularly conduct an independent study of the most significant new rules issued by the Securities and Exchange Commission (SEC). The goal is to compare the projected costs of these regulations with their actual costs and assess whether they truly protect investors and promote economic growth. This provides citizens with greater transparency regarding the effectiveness of market regulators.
Key points
Requires a mandatory, independent review of the SEC's most significant new financial regulations every three years.
The review will compare the actual costs of rules against initial projections and evaluate their effectiveness in protecting investors.
The findings will be reported to Congress, increasing oversight of capital markets and regulatory efficiency.
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Status:
Expired
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Additional Information
Print number: 118_HR_8226
Sponsor: Rep. Garbarino, Andrew R. [R-NY-2]
Process start date: 2024-05-02
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

To require the Comptroller General of the United States to carry out a study regarding major rules issued by the Securities and Exchange Commission.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8226.

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 2024-05-02.

What are the main provisions?

Key points include:

  • Requires a mandatory, independent review of the SEC's most significant new financial regulations every three years.
  • The review will compare the actual costs of rules against initial projections and evaluate their effectiveness in protecting investors.
  • The findings will be reported to Congress, increasing oversight of capital markets and regulatory efficiency.
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. Garbarino, Andrew R. [R-NY-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 2025-12-25.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy