Bill would end unused SEC rulemaking powers from Dodd-Frank
In committeeS. 1806Latest action
Sponsor: Pete Ricketts · Senator · NE
AIDecoded by AI · checked against the recordRead the official text
Official title: Business Owners Protection Act of 2025
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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The bill kills SEC powers from Dodd-Frank that the agency never used to write rules before January 1, 2025.
40-second read · 4 questions answered below
What does this do?
The Business Owners Protection Act of 2025 would automatically end any SEC rulemaking power granted under Dodd-Frank that the SEC never formally started using or issuing guidance on before January 1, 2025. The SEC would then have 180 days to publish a public list of exactly which authorities were eliminated. Rules already in effect and powers already used are not affected.
Who does it affect?
This affects the SEC and businesses it regulates, especially publicly traded companies, financial firms, and investment-related businesses; investors and consumers are affected indirectly.
Why does it matter?
Removing these dormant powers limits the SEC's future ability to impose new requirements using this specific set of Dodd-Frank authorities, which supporters say reduces regulatory uncertainty for businesses.
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Where does it stand?
- IntroducedMay 19, 2025
- Senate committeeYou are here · May 19, 2025
- Senate vote
- House
- The president's desk
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the president.
Latest action: — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.