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Introduced on May 19, 2025 by Garland H. Barr
This bill would cancel certain unused powers the SEC has from the Dodd‑Frank law. In plain terms, if the SEC had the option to create new rules for private companies under Dodd‑Frank but hadn’t even started the rulemaking process or issued guidance by January 1, 2025, those powers would end as soon as this bill becomes law. The SEC would also have to publish a public list of which powers got canceled within 180 days. This also covers Dodd‑Frank changes that amended the Securities Exchange Act and gave the SEC those optional rulemaking powers in the first place.