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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced May 19, 2025 by John Peter Ricketts · Last progress May 19, 2025
Eliminates certain Dodd-Frank Act rulemaking authorities granted to the Securities and Exchange Commission (SEC) that the agency has not acted on: any Dodd-Frank power to decide whether to issue a rule for private parties is terminated if the SEC had not published a proposed rule or guidance by January 1, 2025. The SEC must publish and send Congress a list of the terminated authorities within 180 days of enactment. The change removes unused discretionary authorities rather than rescinding rules already issued under those authorities.