Sponsors (8)
The bill reduces regulatory burden and increases clarity for financial firms by terminating unused Dodd‑Frank authorities, but it removes tools the SEC could use to protect investors and quickly address emerging market risks, creating a trade-off between near-term predictability and long-term regulatory flexibility.
Private financial firms will face fewer potential new SEC rulemaking obligations because unused Dodd-Frank authorities that never reached proposal stage are terminated.
Financial firms and taxpayers will see greater regulatory predictability because the bill removes dormant discretionary SEC authorities and clarifies the agency's current rulemaking scope.
Investors and consumers (taxpayers) may lose the prospect of future protections because the SEC can no longer rely on the terminated Dodd-Frank authorities to adopt new safeguards or rules.
Markets and the public (financial firms, taxpayers) will have reduced regulatory tools to address emerging market risks, potentially delaying responses until new statutory authority is granted.
Financial firms and state regulators could face transitional uncertainty while the SEC compiles and publishes the list of terminated authorities.
Based on analysis of 2 sections of legislative text.
Terminates unused SEC authorities created by the Dodd‑Frank Act if no NPRM or guidance was issued by Jan 1, 2025, and requires the SEC to publish a list within 180 days.
Introduced May 19, 2025 by John Peter Ricketts · Last progress May 19, 2025
Terminates unused regulatory authorities the SEC received from the Dodd‑Frank Act if the SEC had not issued a notice of proposed rulemaking or a guidance document for that authority by January 1, 2025. The SEC must publish and submit to Congress a public list of each terminated authority within 180 days of enactment.