Business Owners Protection Act of 2025

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3484 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 3484

    To terminate unused authorities of the Securities and Exchange 
Commission that were established pursuant to the Dodd-Frank Wall Street 
                  Reform and Consumer Protection Act.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 19, 2025

   Mr. Barr (for himself, Mr. Emmer, Mr. Westerman, and Mrs. Hinson) 
 introduced the following bill; which was referred to the Committee on 
                           Financial Services

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                                 A BILL


 
    To terminate unused authorities of the Securities and Exchange 
Commission that were established pursuant to the Dodd-Frank Wall Street 
                  Reform and Consumer Protection Act.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Business Owners Protection Act of 
2025''.

SEC. 2. TERMINATION OF CERTAIN UNUSED AUTHORITIES OF SECURITIES AND 
              EXCHANGE COMMISSION.

    Section 23 of the Securities Exchange Act of 1934 (15 U.S.C. 78w) 
is amended by adding at the end the following:
    ``(e) Termination of Certain Unused Authorities.--
            ``(1) In general.--With respect to authorities of the 
        Commission that were established pursuant to the Dodd-Frank 
        Wall Street Reform and Consumer Protection Act (12 U.S.C. 5301 
        et seq.), any such authority that provides discretion as to 
        whether to establish a requirement for private entities, and 
        for which the Commission had not issued a notice of proposed 
        rulemaking under section 553 of title 5, United States Code, or 
        a guidance document before January 1, 2025, is terminated upon 
        the date of enactment of this subsection.
            ``(2) Inclusion of authorities.--The reference in paragraph 
        (1) to authorities established pursuant to the Dodd-Frank Wall 
        Street Reform and Consumer Protection Act (12 U.S.C. 5301 et 
        seq.) includes authorities established for the Commission 
        through amendments made by such Act to this Act.
            ``(3) List of authorities.--Not later than 180 days after 
        the date of enactment of this subsection, the Commission shall 
        submit to Congress and publish a publicly available list of 
        each authority that is terminated under paragraph (1).''.
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