PlainBillCongress, translated.Legislation. Context. Public interest.Placed on the Union Calendar, Calendar No. 306.
Congressional Research Service
Version 17 · Reported to House with amendment(s) · Jan 28, 2016
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solicit public comment as to whether the regulation should be amended or repealed; and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.
People & committees
Rep. Hurt, Robert [R-VA-5] · R–VA
Legislative record
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Placed on the Union Calendar, Calendar No. 306.
Reported (Amended) by the Committee on Financial Services. H. Rept. 114-403.
Reported (Amended) by the Committee on Financial Services. H. Rept. 114-403.
Ordered to be Reported (Amended) by the Yeas and Nays: 41 - 16.
Committee Consideration and Mark-up Session Held.
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Primary sources
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Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
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