Sponsors (6)
The bill inserts unspecified regulatory text that creates legal and operational uncertainty and may raise compliance costs for financial firms until the content is clarified.
No clear benefits were identified in the available sections of the bill.
Broker-dealers and exchanges would likely face new compliance costs if the inserted (currently unspecified) text imposes additional regulatory requirements, increasing operating expenses for financial institutions.
Market participants, broker-dealers, exchanges, and the Securities and Exchange Commission would face legal and operational uncertainty because the bill inserts unspecified text, leaving obligations and enforcement unclear until the text is published or clarified.
Based on analysis of 2 sections of legislative text.
Inserts unspecified new language at two points in Section 4(j) of the Securities Exchange Act and establishes an official short title for the Act.
Establishes an official short title for the Act and makes two targeted amendments to Section 4(j) of the Securities Exchange Act of 1934 by inserting additional language at two specified points; the actual text to be inserted is not provided. Because the inserted language is unspecified, the practical effects on exchanges, capital-raising rules, or regulated entities cannot be determined from the text alone.
Introduced February 11, 2025 by Troy Downing · Last progress June 24, 2025