SEC Regulatory Accountability Act

Summary

SEC Regulatory Accountability Act - Amends the Securities Exchange Act of 1934 to require the Securities and Exchange Commission (SEC), before promulgating a regulation or issuing any order, to: (1) identify the nature and significance of the problem that the proposed regulation is designed to address in order to assess whether any new regulation is warranted; (2) use the Office of the Chief Economist to assess the costs and benefits of the intended regulation and adopt it only on a determination that its benefits justify the costs; and (3) ensure that any regulation is accessible, consistent, written in plain language, and easy to understand. Directs the SEC to review its regulations and orders periodically to determine their efficacy and whether to modify or repeal them.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 23 June 2011

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 23 June 2011

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 June 2011

   Introduced

   Introduced in House

   Source: IntroReferral

4. 19 July 2011

   Referred

   Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.

   Source: Committee

5. 15 September 2011

   Committee

   Committee Hearings Held.

   Source: Committee

6. 15 November 2011

   Vote

   Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 19 - 15 .

   Source: Committee

7. 15 November 2011

   Committee

   Subcommittee Consideration and Mark-up Session Held.

   Source: Committee

8. 16 February 2012

   Vote

   Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 26.

   Source: Committee

9. 16 February 2012

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

10. 25 April 2012

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 112-453.

    Source: Committee

11. 25 April 2012

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 112-453.

    Source: Committee

12. 25 April 2012

    Calendars

    Placed on the Union Calendar, Calendar No. 317.

    Source: Calendars

Votes

No vote records are attached yet.

Versions

• Reported in House · 25 April 2012 · Official file
• Introduced in House · 23 June 2011 · Official file

Documents

6 official files

• Reported in House (text)

  Reported in House · EN · 25 April 2012

  ViewDownloadOpen at official source

• Reported in House (PDF)

  Reported in House · EN · 25 April 2012

  ViewDownloadOpen at official source

• Reported to House with amendment(s)

  summary · EN · 25 April 2012

  Open at official source

• Introduced in House (text)

  Introduced in House · EN · 23 June 2011

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 23 June 2011

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 23 June 2011

  Open at official source

Sponsors

• Rep. Garrett, Scott [R-NJ-5] · R · Sponsor
• Rep. Bachus, Spencer [R-AL-6] · R · Sponsor
• Jeb Hensarling · R · Sponsor
• Rep. Neugebauer, Randy [R-TX-19] · R · Sponsor
• WALTER JONES · R · Sponsor
• Patrick McHenry · R · Sponsor
• K. Conaway · R · Sponsor
• PETER KING · R · Sponsor
• Rep. Campbell, John [R-CA-45] · R · Sponsor
• David Schweikert · R · Sponsor
• Steve Stivers · R · Sponsor
• Rep. Dold, Robert J. [R-IL-10] · R · Sponsor
• Rep. Manzullo, Donald A. [R-IL-16] · R · Sponsor
• Rep. Hurt, Robert [R-VA-5] · R · Sponsor
• Rep. Canseco, Francisco "Quico" [R-TX-23] · R · Sponsor
• Kevin Yoder · R · Sponsor
• Rep. Grimm, Michael G. [R-NY-11] · R · Cosponsor
• Bill Huizenga · R · Cosponsor
• Rep. Miller, Gary G. [R-CA-31] · R · Cosponsor
• Rob Bishop · R · Cosponsor
• · hsba00 · Standing

Related records

• related to ← Red Tape Reduction and Small Business Job Creation Act
• related to ← SEC Regulatory Accountability Act