H.R.2308: SEC Regulatory Accountability Act

About This Bill

Bill Summary

SEC Regulatory Accountability Act - (Sec. 2) Amends the Securities Exchange Act of 1934 to direct the Securities and Exchange Commission (SEC), before issuing a regulation, to: (1) identify and evaluate the 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 SEC Chief Economist to assess the costs and benefits of the intended regulation and...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 2 statements associated with H.R.2308.

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.2308.

Bill Actions

Date Description
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Committee Hearings Held.
Subcommittee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 19 - 15 .
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 26.
Reported (Amended) by the Committee on Financial Services. H. Rept. 112-453.
Placed on the Union Calendar, Calendar No. 317.
June 23, 2011

Introduced in the House by Scott Garrett (R-N.J.)

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