Summary of Amendments Submitted to the Rules Committee for H.R. 78 - SEC Regulatory Accountability Act

Summaries Derived from Information Provided by Sponsors

Listed in Alphabetical Order

Jan 10, 2017 2:50 PM

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DeSaulnier (CA)

#2

Requires the Chairman of the SEC and his immediate family to divest from too-big-to-fail banks.

Green, Al (TX)

#6

LATE Exempts regulations promulgated to maintain or support U.S. financial stability or prevent or reduce systemic risk.

Hartzler (MO)

#3

WITHDRAWN Expresses the sense of Congress that to the extent the Consumer Financial Protection Bureau regulates the same financial institutions and services as the Securities and Exchange Commission, the CFPB should also perform a cost-benefit analysis of any regulation the agency considers proposing.

Raskin (MD)

#5

LATE Requires the Chairman of the Securities and Exchange Commission to be trained on ethical standards and codes of conduct to ensure all regulations enacted are not done so with a conflict of interest, specifically regarding prior employment and legal representation of too-big-to-fail banks.

Velázquez (NY)

#1

REVISED Requires the SEC consider the protection of investors, in addition to promoting efficiency, competition, and capital formation when conducting such a review and also expressly instructs the SEC to consider the public interest, the protection of investors as well as the promotion of efficiency, competition, and capital formation when conducting such a review of existing SEC regulations.

Waters (CA)

#4

Requires the SEC to identify, analyze and address potential conflicts of interest related to its rulemakings.