Streamlining Excessive and Costly Regulations Review Act
Latest action · Jan 28, 2016 Placed on the Union Calendar, Calendar No. 306.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 15, 2015
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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- solicit public comment as to whether the regulation should be amended or repealed; and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.
Cosponsors 2
Members who signed on, in the order they did. Signatures ran from May 15, 2015 to May 19, 2015; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| I-AZ | Kyrsten Sinema | Original | May 15, 2015 |
| R-FL | Bill Posey | May 19, 2015 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred May 15, 2015Markup May 20, 2015Reported Jan 28, 2016 |
| Capital Markets Subcommittee | Hearings May 13, 2015 |
Actions 7
Everything that happened, newest first.
- Jan 28, 2016Reported (Amended) by the Committee on Financial Services. H. Rept. 114-403.
- Jan 28, 2016Placed on the Union Calendar, Calendar No. 306.
- May 20, 2015Committee Consideration and Mark-up Session Held.
- May 20, 2015Ordered to be Reported (Amended) by the Yeas and Nays: 41 - 16.
- May 15, 2015Introduced in House
- May 15, 2015Referred to the House Committee on Financial Services.
- May 13, 2015Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Jul 7, 2015H.R. 2354, Streamlining Excessive and Costly Regulations Review ActAs ordered reported by the House Committee on Financial Services on May 20, 2015
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 161, no. 75, May 15, 2015, page H3253.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R44255 | Selected Securities Legislation in the 114th Congress Archived | Report | Sep 7, 2016 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1675 | Capital Markets Improvement Act of 2016 | Related bill | Feb 4, 2016 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To direct the Securities and Exchange Commission to review all its significant regulations to determine whether such regulations are necessary in the public interest or whether such regulations should be amended or rescinded.
- Short Titles as Introduced
- Streamlining Excessive and Costly Regulations Review Act
- Short Titles as Reported to House
- Streamlining Excessive and Costly Regulations Review Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 2
Each version as it was printed, newest first.
- Jan 28, 2016Reported in House
- May 15, 2015Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
