About the bill
H.R. 78 replaces guidance adopted by the Securities and Exchange Commission (SEC) in 2012 that currently governs the use of economic analysis in SEC rulemakings. H.R. 78 would require the SEC to identify and assess the significance of problems prior to regulating. The bill further requires the SEC’s Chief Economist to conduct a cost-benefit analysis when the SEC is promulgating regulations (including alternatives) and to provide an explanation describing the decision-making process, including the implications of not regulating. The bill requires the SEC to review existing regulations ...
Sponsor and status
Sponsor. Representative for Missouri's 2nd congressional district. Republican.
Last Updated: Jan 17, 2017
Length: 12 pages
115th Congress, 2017–2019
This bill was introduced in a previous session of Congress and was passed by the House on January 12, 2017 but was never passed by the Senate.
What legislators are saying
“Rep. Royce Pushes for Accountability in SEC Rulemaking”
— Rep. Edward “Ed” Royce [R-CA39, 2013-2018] (Co-sponsor) on Jan 13, 2017
H.R. 78 (115th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not enacted by the end of a Congress is cleared from the books.
How to cite this information.
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GovTrack.us. (2020). H.R. 78 — 115th Congress: SEC Regulatory Accountability Act. Retrieved from https://www.govtrack.us/congress/bills/115/hr78
“H.R. 78 — 115th Congress: SEC Regulatory Accountability Act.” www.GovTrack.us. 2017. February 17, 2020 <https://www.govtrack.us/congress/bills/115/hr78>
SEC Regulatory Accountability Act, H.R. 78, 115th Cong. (2017).
|title=H.R. 78 (115th)
|accessdate=February 17, 2020
|author=115th Congress (2017)
|date=January 3, 2017
|quote=SEC Regulatory Accountability Act
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