S.2373 - SEC Regulatory Accountability Act

A bill to improve the consideration by the Securities and Exchange Commission of the costs and benefits of its regulations and orders. view all titles (2)

All Bill Titles

  • Official: A bill to improve the consideration by the Securities and Exchange Commission of the costs and benefits of its regulations and orders. as introduced.
  • Short: SEC Regulatory Accountability Act as introduced.

This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.

Bill’s Views

  • Today: 1
  • Past Seven Days: 3
  • All-Time: 585
 
Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
04/26/12
 
 
 
 
 
 
 

Official Summary

SEC Regulatory Accountability Act - Amends the Securities Exchange Act of 1934 to require the Securities and Exchange Commission (SEC), before promulgating a regulation or issuing any order, to: (1) identify the nature and significance of the problem that the proposed regulation is designed

Official Summary

SEC Regulatory Accountability Act - Amends the Securities Exchange Act of 1934 to require the Securities and Exchange Commission (SEC), before promulgating a regulation or issuing any order, to:
(1) identify the nature and significance of the problem that the proposed regulation is designed to address in order to assess whether any new regulation is warranted;
(2) use the Office of the Chief Economist to assess the costs and benefits of the intended regulation and adopt it only on a determination that its benefits justify the costs;
(3) ensure that any regulation is accessible, consistent, written in plain language, and easy to understand; and
(4) measure and seek to improve the actual results of regulatory requirements. Directs the SEC to review its regulations and orders periodically to determine their efficacy and whether to modify or repeal them.

...Read the Rest




Vote on This Bill

-% Users Support Bill

0 in favor / 0 opposed
 

Send Your Senator a Letter

about this bill Support Oppose Tracking
Track with MyOC