SEC Regulatory Accountability Act
This bill amends the Securities Exchange Act of 1934 to direct the Securities and Exchange Commission (SEC) to:
In determining the costs and benefits of a proposed regulation, the SEC shall consider its impact on investor choice, market liquidity, and small businesses.
In addition, the SEC shall: (1) periodically review its existing regulations to determine if they are outmoded, ineffective, insufficient, or excessively burdensome; and (2) in accordance with such review, modify, streamline, expand, or repeal them.
Whenever it adopts or amends a rule that is "major" (in terms of economic impact), the SEC shall state in its adopting release: (1) the regulation's purposes and intended consequences, (2) metrics for measuring the regulation's economic impact, (3) the assessment plan to be used to assess whether the regulation has achieved its stated purposes, and (4) any foreseeable unintended or negative consequences of the regulation.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2017-01-17 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2017-01-12 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2017-01-12 | Vote | On passage Passed by recorded vote: 243 - 184 (Roll no. 51). | House floor actions |
| 2017-01-12 | Vote | On motion to recommit with instructions Failed by recorded vote: 195 - 232 (Roll no. 50). | House floor actions |
| 2017-01-12 | Floor | The previous question on the motion to recommit with instructions was ordered without objection. | House floor actions |
| 2017-01-12 | Floor | Floor summary: DEBATE - The House proceeded with 10 minutes of debate on the Bustos motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment pertaining to consideration of the potential outsourcing of U.S. Jobs. | House floor actions |
| 2017-01-12 | Floor | Mrs. Bustos moved to recommit with instructions to the Committee on Financial Services. (text: CR H446) | House floor actions |
| 2017-01-12 | Floor | The House adopted the amendment as agreed to by the Committee of the Whole House on the state of the Union. | House floor actions |
| 2017-01-12 | Floor | The previous question was ordered pursuant to the rule. | House floor actions |
| 2017-01-12 | Floor | The House rose from the Committee of the Whole House on the state of the Union to report H.R. 78. | House floor actions |
| 2017-01-12 | Floor | POSTPONED PROCEEDINGS - At the conclusion of debate on the Raskin amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Mr. Raskin demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced. | House floor actions |
| 2017-01-12 | Floor | DEBATE - Pursuant to the provisions of H. Res. 40, the Committee of the Whole proceeded with 10 minutes of debate on the Raskin Part A amendment No. 5. | House floor actions |
| 2017-01-12 | Floor | POSTPONED PROCEEDINGS - At the conclusion of debate on the DeSaulnier amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Mr. DeSaulnier demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced. | House floor actions |
| 2017-01-12 | Floor | DEBATE - Pursuant to the provisions of H. Res. 40, the Committee of the Whole proceeded with 10 minutes of debate on the DeSaulnier Part A amendment No. 4. | House floor actions |
| 2017-01-12 | Floor | POSTPONED PROCEEDINGS - At the conclusion of debate on the Al Green (TX) amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Mr. Al Green (TX) demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced. | House floor actions |
| 2017-01-12 | Floor | DEBATE - Pursuant to the provisions of H. Res. 40, the Committee of the Whole proceeded with 10 minutes of debate on the Al Green (TX) Part A amendment No. 3. | House floor actions |
| 2017-01-12 | Floor | DEBATE - Pursuant to the provisions of H. Res. 40, the Committee of the Whole proceeded with 10 minutes of debate on the Velazquez Part A amendment No. 2. | House floor actions |
| 2017-01-12 | Floor | POSTPONED PROCEEDINGS - At the conclusion of debate on the Al Green (TX) amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Mr. Al Green (TX) demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced. | House floor actions |
| 2017-01-12 | Floor | DEBATE - Pursuant to the provisions of H. Res. 40, the Committee of the Whole proceeded with 10 minutes of debate on the Al Green (TX) Part A amendment No. 1. | House floor actions |
| 2017-01-12 | Floor | GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 78. | House floor actions |
| 2017-01-12 | Floor | The Speaker designated the Honorable Tom McClintock to act as Chairman of the Committee. | House floor actions |
| 2017-01-12 | Floor | House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 40 and Rule XVIII. | House floor actions |
| 2017-01-12 | Floor | Rule provides for consideration of H.R. 78 and H.R. 238. The resolution provides for one hour of general debate on both H.R. 78 and H.R. 238. The resolution provides for suspension authority at any time on the legislative day of January 13, 2017. The resolution also provides for legislative proceedings during the period of January 16, 2017 through January 20, 2017. | House floor actions |
| 2017-01-12 | Floor | Considered under the provisions of rule H. Res. 40. (consideration: CR H428-448; text as reported in House: CR H437-438) | House floor actions |
| 2017-01-10 | Floor | Rules Committee Resolution H. Res. 40 Reported to House. Rule provides for consideration of H.R. 78 and H.R. 238. The resolution provides for one hour of general debate on both H.R. 78 and H.R. 238. The resolution provides for suspension authority at any time on the legislative day of January 13, 2017. The resolution also provides for legislative proceedings during the period of January 16, 2017 through January 20, 2017. | House floor actions |
| 2017-01-03 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2017-01-03 | IntroReferral | Introduced in House | Library of Congress |