Ask AI
Bill114th CongressFiled May 15, 2015Finance and Financial Sector
H.R. 2354

Streamlining Excessive and Costly Regulations Review Act

Bill journey · stage 2 of 5

Under committee review

Filed
Comm.
Floor
Both
Law

What it doesSummary reported to house with amendment(s) (Jan 28, 2016)

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:

  • review each significant regulation it has issued;
  • determine by vote whether it is ineffective, excessively burdensome, unnecessary, or inconsistent with its mandate;
  • solicit public comment as to whether the regulation should be amended or repealed; and
  • subsequently amend or repeal accordingly.

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.

What just happenedJan 28, 2016

Placed on the Union Calendar, Calendar No. 306.

Who’s behind it

Rep. Hurt, Robert [R-VA-5](R-VA)Sponsor
2 cosponsors1 D1 R
Read on Congress.gov
2cosponsors1committees9actions1related bills5subjects
  1. Jan 28, 2016CalendarsH12410

    Placed on the Union Calendar, Calendar No. 306.

  2. Jan 28, 2016CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 114-403.

    Financial Services Committee
  3. Jan 28, 2016Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 114-403.

    Financial Services Committee
  4. May 20, 2015Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 41 - 16.

    Financial Services Committee
  5. May 20, 2015Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  6. May 15, 2015IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  7. May 15, 2015IntroReferralIntro-H

    Introduced in House

  8. May 15, 2015IntroReferral1000

    Introduced in House

  9. May 13, 2015Committee

    Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.

    Capital Markets Subcommittee
Reported to House with amendment(s)Jan 28, 201617

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:

  • review each significant regulation it has issued;
  • determine by vote whether it is ineffective, excessively burdensome, unnecessary, or inconsistent with its mandate;
  • solicit public comment as to whether the regulation should be amended or repealed; and
  • subsequently amend or repeal accordingly.

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.

Introduced in HouseMay 15, 2015

Streamlining Excessive and Costly Regulations Review Act

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:

  • review each significant regulation it has issued;
  • determine by vote whether it is ineffective, excessively burdensome, unnecessary, or inconsistent with its mandate;
  • solicit public comment as to whether the regulation should be amended or repealed; and
  • subsequently amend or repeal accordingly.

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.

Streamlining Excessive and Costly Regulations Review Act — Informed