To direct the Securities and Exchange Commission to review all its significant regulations to determine whether such regulations are necessary in the public interest or whether such regulations should be amended or rescinded.
Streamlining Excessive and Costly Regulations Review Act
(Sec. 2) This bill requires the Securities and Exchange Commission (SEC), within 5 years after enactment of this Act, and thereafter at least once within each 10-year period, to:
The SEC shall report to certain congressional committees the steps it has taken to implement the results of its decision, including any action to amend or repeal the target regulation.
The bill declares that SEC determinations made pursuant to this Act are final and not subject to judicial review.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 41 - 16.
Reported (Amended) by the Committee on Financial Services. H. Rept. 114-403.
Reported (Amended) by the Committee on Financial Services. H. Rept. 114-403.
Placed on the Union Calendar, Calendar No. 306.
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