SEC Economic Analysis Modernization Act

Bill: 117-hr-7408
Sponsor: full_name: Rep. Steil, Bryan [R-WI-1]
Introduced: 2022-04-05
Policy area: Finance and Financial Sector
Latest action: action_date: 2022-04-05
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2022-04-05
action_desc: Introduced in House
text: <p><strong>SEC Economic Analysis Modernization Act </strong></p> <p>This bill requires the Securities and Exchange Commission to periodically update its guidance on the use of economic analysis in rulemakings and to make such updates publicly available. </p>

tv_txt: I 117th CONGRESS 2d Session H. R. 7408 IN THE HOUSE OF REPRESENTATIVES April 5, 2022 Mr. Steil (for himself and Mr. Huizenga ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To require the Securities and Exchange Commission to update the Commissions’ guidance on economic analysis in rulemakings, and for other purposes.

1. Short title This Act may be cited as the SEC Economic Analysis Modernization Act . 2. Guidance on economic analysis for SEC rulemakings (a) In general Not later than 2 years after the date of enactment of this Act, and every 5 years thereafter, the Securities and Exchange Commission shall update the Commission’s guidance on economic analysis in rulemakings. (b) Availability of update Upon the completion of each update required under subsection (a), the Commission shall make such update available to the public, including on the website of the Commission, along with a summary and justification of any changes made by the update.