H.R. 3484

119th CONGRESS 1st Session

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.

IN THE HOUSE OF REPRESENTATIVES · May 19, 2025 · Sponsor: Mr. Barr · Committee: Committee on Financial Services

Table of contents

• H.R. 3484
  • SEC. 1. Short title
  • SEC. 2. Termination of certain unused authorities of Securities and Exchange Commission

SEC. 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 () is amended by adding at the end the following: 15 U.S.C. 78w
  • (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 (), 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. 12 U.S.C. 5301 et seq.
    • (2) Inclusion of authorities
      • The reference in paragraph (1) to authorities established pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act () includes authorities established for the Commission through amendments made by such Act to this Act. 12 U.S.C. 5301 et seq.
    • (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).