FREQUENTLY ASKED QUESTIONS
What is the official ID of this bill?
The official print number for this legislation is 119_HR_3318.
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 2025-05-09.
What are the main provisions?
Key points include:
- SEC offices like the Office of the Secretary and the Office of the Ethics Counsel will be moved under the Office of the General Counsel to streamline information flow.
- Offices dealing with accounting and credit ratings will be integrated into the Division of Corporate Finance, potentially improving corporate oversight.
- The Office of Investor Education and Advocacy will be transferred to the Office of the Investor Advocate, which may strengthen support and education for investors.
- Possible consolidation of SEC regional offices, which could impact service accessibility in various regions.
What is the specific legal status?
The current status is Introduced.
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. Downing, Troy [R-MT-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 2025-12-22.
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.