Summary of Amendments Submitted to the Rules Committee for H.R. 1062 - SEC Regulatory Accountability Act

Summaries Derived from Information Provided by Sponsors

Listed in Alphabetical Order

May 15, 2013 12:50 PM

Click on sponsor for amendment text.

Collins, Doug (GA), Yoho, Ted (FL)


WITHDRAWN Narrows the scope of the post-assessment analysis requirements by only requiring regulations with a negative economic impact of $100 million or more to meet the additional requirements, not all regulations that meet the statutory definition of a “major rule.”

Hurt (VA)


REVISED Expresses the sense of Congress that rules adopted by the Public Company Accounting Oversight Board (PCAOB)comply with the same standards required of the SEC. Requires the SEC to ensure that any rules adopted by Municipal Securities Rulemaking Board (MSRB), and other national securities associations comply with the standards set forth in the bill.

Maloney (NY)


SUBSTITUTE Strikes all after the enacting clause and insert findings and a sense of Congress that the SEC is required to conduct economic analysis as part of its rulemaking.

Sessions (TX)


Mandates that assessment plans required under this Act include analysis of any jobs added or lost as a result of the regulation, differentiating between public and private sector jobs.

Slaughter (NY)


Delays implementation of the bill until the enactment of a law that requires the political intelligence industry to comply with the Lobbying Disclosure Act registration requirements and the Ethics in Government Act “revolving door” restrictions.