H.R. 2354 · 114th Congress
Streamlining Excessive and Costly Regulations Review Act
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
HurtSponsor2 cosponsors · 1 D, 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
The SEC shall report to certain congressional committees the steps it has taken to implement the results of its decision, including any action to amend or repeal the target regulation.
What it does: CRS summary · Reported to House with amendment(s) · Jan 28, 2016
Streamlining Excessive and Costly Regulations Review Act
(Sec. 2) This bill requires the Securities and Exchange Commission (SEC), within 5 years after enactment of this Act, and thereafter at least once within each 10-year period, to:
- review each significant regulation it has issued;
- determine by vote whether it is ineffective, excessively burdensome, unnecessary, or inconsistent with its mandate;
- solicit public comment as to whether the regulation should be amended or repealed; and
- subsequently amend or repeal accordingly.
The SEC shall report to certain congressional committees the steps it has taken to implement the results of its decision, including any action to amend or repeal the target regulation.
The bill declares that SEC determinations made pursuant to this Act are final and not subject to judicial review.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Streamlining Excessive and Costly Regulations Review Act
Latest action (Jan 28, 2016): Placed on the Union Calendar, Calendar No. 306.
Policy area: Finance and Financial Sector · Origin: House · Introduced: May 15, 2015
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.