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Increased Oversight of SEC Decisions: New Rules for Market Regulation.

This law increases oversight of key decisions made by the U.S. Securities and Exchange Commission (SEC). It requires the SEC Chairman's personal approval for new market regulations and rulings on shareholder proposals, aiming to boost transparency and accountability. The changes ensure that regulatory actions are strictly justified based on investor protection and market fairness.
Key points
Significant SEC actions, such as new rules or denials of shareholder proposals, now require the signed approval of the SEC Chairman.
The SEC must annually report to Congress, detailing how its decisions protect investors and confirming they are free from political bias.
The goal is to centralize accountability for major financial regulations, shifting authority from delegated staff to the highest level of the Commission.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_9477
Sponsor: Rep. Meuser, Daniel [R-PA-9]
Process start date: 2024-09-06
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SEC REVIEW Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9477.

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 2024-09-06.

What are the main provisions?

Key points include:

  • Significant SEC actions, such as new rules or denials of shareholder proposals, now require the signed approval of the SEC Chairman.
  • The SEC must annually report to Congress, detailing how its decisions protect investors and confirming they are free from political bias.
  • The goal is to centralize accountability for major financial regulations, shifting authority from delegated staff to the highest level of the Commission.
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. Meuser, Daniel [R-PA-9].

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 2025-12-26.

CATEGORIES

Economy