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Business Owners Protection: Terminating Unused SEC Authorities

This act aims to eliminate unused authorities of the Securities and Exchange Commission (SEC) established under the Dodd-Frank Act. This means the SEC cannot impose new requirements on private entities if they had not acted on these powers before January 1, 2025. This could potentially reduce regulatory burdens for some businesses.
Key points
The act terminates SEC's discretionary authority to establish new requirements for private entities if unused by January 1, 2025.
This is intended to reduce potential future regulations for businesses.
The SEC must publish a list of all terminated authorities.
article Official text account_balance Process page
Introduced
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Additional Information
Print number: 119_S_1806
Sponsor: Sen. Ricketts, Pete [R-NE]
Process start date: 2025-05-19
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Business Owners Protection Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_1806.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-05-19.

What are the main provisions?

Key points include:

  • The act terminates SEC's discretionary authority to establish new requirements for private entities if unused by January 1, 2025.
  • This is intended to reduce potential future regulations for businesses.
  • The SEC must publish a list of all terminated authorities.
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 Sen. Ricketts, Pete [R-NE].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy