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HOUSE 78115th CongressReferred to the House Committee on House Administration.

Providing for the reappointment of Stephen M. Case as a citizen regent of the Board of Regents of the Smithsonian Institution.

Last Action
2/16/2017

Actions

  • 2017-01-17Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • 2017-01-12Motion to reconsider laid on the table Agreed to without objection.
  • 2017-01-12On passage Passed by recorded vote: 243 - 184 (Roll no. 51).
  • 2017-01-12Passed/agreed to in House: On passage Passed by recorded vote: 243 - 184 (Roll no. 51).
  • 2017-01-12On motion to recommit with instructions Failed by recorded vote: 195 - 232 (Roll no. 50).
  • 2017-01-12The previous question on the motion to recommit with instructions was ordered without objection.
  • 2017-01-12Floor summary: DEBATE - The House proceeded with 10 minutes of debate on the Bustos motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment pertaining to consideration of the potential outsourcing of U.S. Jobs.
  • 2017-01-12Mrs. Bustos moved to recommit with instructions to the Committee on Financial Services. (text: CR H446)
  • 2017-01-12The House adopted the amendment as agreed to by the Committee of the Whole House on the state of the Union.
  • 2017-01-12The previous question was ordered pursuant to the rule.
  • 2017-01-12The House rose from the Committee of the Whole House on the state of the Union to report H.R. 78.
  • 2017-01-12POSTPONED PROCEEDINGS - At the conclusion of debate on the Raskin amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Mr. Raskin demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
  • 2017-01-12DEBATE - Pursuant to the provisions of H. Res. 40, the Committee of the Whole proceeded with 10 minutes of debate on the Raskin Part A amendment No. 5.
  • 2017-01-12POSTPONED PROCEEDINGS - At the conclusion of debate on the DeSaulnier amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Mr. DeSaulnier demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
  • 2017-01-12DEBATE - Pursuant to the provisions of H. Res. 40, the Committee of the Whole proceeded with 10 minutes of debate on the DeSaulnier Part A amendment No. 4.

Showing 15 of 20 actions. Full history on Congress.gov.

CRS Summary

As of 2017-01-12 (36)

SEC Regulatory Accountability Act

(Sec. 2) This bill amends the Securities Exchange Act of 1934 to direct the Securities and Exchange Commission (SEC) to:

  • before issuing a regulation under the securities laws, identify the nature and source of the problem that the proposed regulation is designed to address;
  • adopt a regulation only upon a reasoned determination that its benefits justify its costs;
  • identify and assess available alternatives to any regulation; and
  • ensure that any regulation is accessible, consistent, written in plain language, and easy to understand.

In determining the costs and benefits of a proposed regulation, the SEC shall consider its impact on investor choice, market liquidity, and small businesses.

In addition, the SEC shall: (1) periodically review its existing regulations to determine if they are outmoded, ineffective, insufficient, or excessively burdensome; and (2) in accordance with such review, modify, streamline, expand, or repeal them.

Whenever it adopts or amends a rule that is "major" (in terms of economic impact), the SEC shall state in its adopting release: (1) the regulation's purposes and intended consequences, (2) metrics for measuring the regulation's economic impact, (3) the assessment plan to be used to assess whether the regulation has achieved its stated purposes, and (4) any foreseeable unintended or negative consequences of the regulation.

Cosponsors (3)

  • PETE SESSIONS (R-TX)
  • ED ROYCE (R-CA)
  • Scott Tipton (R-CO)

Subjects

  • Administrative law and regulatory procedures
  • Corporate finance and management
  • Financial services and investments
  • Government studies and investigations
  • Securities
  • Securities and Exchange Commission (SEC)
  • Small business
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