CONGRESS FOR VOTERS

Ann Wagner (R-MO)

SEC Reform and Restructuring Act

H.R. 9329 · House bill Finance and Financial Sector

A Republican bill with 4 Republican cosponsors · See all 4 cosponsors

Last activity — Placed on the Union Calendar, Calendar No. 694.

Cleared committee, waiting for its first floor vote

A committee approved it and it is on the calendar of the chamber it started in.

This is further than most bills get, and still no promise of a vote: the calendar is a queue, and the majority leadership decides what is called. A bill can sit here until the Congress ends.

Its path through Congress

  1. Introduced
  2. On Calendar

What this bill would do

The SEC Reform and Restructuring Act aims to improve securities laws by increasing the accountability and transparency of the Securities and Exchange Commission (SEC). It requires the SEC to perform cost-benefit analyses for new regulations and mandates regular testimony before Congress. The bill orders a GAO audit of the SEC's IT infrastructure and transfers the Public Company Accounting Oversight Board to the SEC. Additionally, it sets minimum public comment periods for rules and clarifies how violations are counted for penalties. Finally, it requires a review of the SEC's organizational structure and the potential consolidation of regional offices.

Yes· 3 of 5

  • Scored +4

    Does this make it easier to run a small business?

    Small businesses benefit from reduced regulatory red tape and mandated cost-benefit analyses for new SEC rules.

  • Scored +4

    Would business owners be better off under this?

    Business owners benefit from clearer regulatory requirements, cost-benefit checks, and streamlined accounting oversight.

  • Scored +4

    Does this make what the government does easier for the public to see?

    The legislation enhances government transparency by requiring semiannual congressional testimony from SEC officials and longer public comment periods.

The opposite

No question was scored the opposite.