US Congress Senate Bill 2373 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on April 26 2012 - 25% progression, died in committee
Action: 2012-04-26 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

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; (3) ensure that any regulation is accessible, consistent, written in plain language, and easy to understand; and (4) measure and seek to improve the actual results of regulatory requirements. Directs the SEC to review its regulations and orders periodically to determine their efficacy and whether to modify or repeal them.

SEC Regulatory Accountability Act

Sen. David Vitter [R-LA]

Date	Chamber	Action
2012-04-26	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HB2308 (Related) 2012-04-25 - Placed on the Union Calendar, Calendar No. 317.
HB4078 (Related) 2012-07-31 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 477.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/2373/all-info
Text	https://www.congress.gov/112/bills/s2373/BILLS-112s2373is.pdf