119-hr3484

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Business Owners Protection Act of 2025

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Introduced:
May 19, 2025
Policy Area:
Finance and Financial Sector

Bill Statistics

8
Actions
7
Cosponsors
0
Summaries
9
Subjects
2
Text Versions
Yes
Full Text

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Latest Action

Nov 4, 2025
Placed on the Union Calendar, Calendar No. 315.

Actions (8)

Placed on the Union Calendar, Calendar No. 315.
Type: Calendars | Source: House floor actions | Code: H12410
Nov 4, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-363.
Type: Committee | Source: House floor actions | Code: H12200
Nov 4, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-363.
Type: Committee | Source: Library of Congress | Code: 5000
Nov 4, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 26 - 24.
Type: Committee | Source: House committee actions | Code: H19000
Sep 16, 2025
Committee Consideration and Mark-up Session Held
Type: Committee | Source: House committee actions | Code: H15001
Sep 16, 2025
Referred to the House Committee on Financial Services.
Type: IntroReferral | Source: House floor actions | Code: H11100
May 19, 2025
Introduced in House
Type: IntroReferral | Source: Library of Congress | Code: Intro-H
May 19, 2025
Introduced in House
Type: IntroReferral | Source: Library of Congress | Code: 1000
May 19, 2025

Subjects (9)

Administrative law and regulatory procedures Banking and financial institutions regulation Business records Congressional oversight Consumer affairs Finance and Financial Sector (Policy Area) Government information and archives Government studies and investigations Securities and Exchange Commission (SEC)

Cosponsors (7)

Rep. Sessions, Pete [R-TX-17]
(R-TX)
Jun 9, 2025
Rep. Williams, Roger [R-TX-25]
(R-TX)
Jun 6, 2025
Rep. Baumgartner, Michael [R-WA-5]
(R-WA)
May 20, 2025
Rep. Hudson, Richard [R-NC-9]
(R-NC)
May 20, 2025
Rep. Emmer, Tom [R-MN-6]
(R-MN)
May 19, 2025
Rep. Hinson, Ashley [R-IA-2]
(R-IA)
May 19, 2025
Rep. Westerman, Bruce [R-AR-4]
(R-AR)
May 19, 2025

Text Versions (2)

Reported in House

Nov 4, 2025
PDF ↗ XML ↗

Introduced in House

May 19, 2025
PDF ↗ XML ↗

Full Bill Text

Length: 3,735 characters Version: Reported in House Version Date: Nov 4, 2025 Last Updated: Nov 15, 2025 2:22 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3484 Reported in House

(RH) ]

<DOC>

Union Calendar No. 315
119th CONGRESS
1st Session
H. R. 3484

[Report No. 119-363]

To terminate unused authorities of the Securities and Exchange
Commission that were established pursuant to the Dodd-Frank Wall Street
Reform and Consumer Protection Act.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

May 19, 2025

Mr. Barr (for himself, Mr. Emmer, Mr. Westerman, and Mrs. Hinson)
introduced the following bill; which was referred to the Committee on
Financial Services

November 4, 2025

Additional sponsors: Mr. Hudson, Mr. Baumgartner, Mr. Williams of
Texas, and Mr. Sessions

November 4, 2025

Reported with an amendment, committed to the Committee of the Whole
House on the State of the Union, and ordered to be printed
[Strike out all after the enacting clause and insert the part printed
in italic]
[For text of introduced bill, see copy of bill as introduced on May 19,
2025]

_______________________________________________________________________

A BILL

To terminate unused authorities of the Securities and Exchange
Commission that were established pursuant to the Dodd-Frank Wall Street
Reform and Consumer Protection Act.

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1.

This Act may be cited as the ``Business Owners Protection Act of
2025''.
SEC. 2.
PREDISPUTE ARBITRATION.

(a) In General.--
Section 15 of the Securities Exchange Act of 1934 (15 U.
(15 U.S.C. 78o) is amended by repealing subsection

(o) .

(b) Conforming Amendment.--
Section 921 of the Investor Protection and Securities Reform Act of 2010 is amended by striking subsection (a) .
and Securities Reform Act of 2010 is amended by striking subsection

(a) .
SEC. 3.

(a) Securities Exchange Act of 1934.--The second subsection
(l) of
section 15 of the Securities Exchange Act of 1934 (15 U.
relating to ``Other matters'') is amended--

(1) by striking ``Commission shall'' and all that follows
through ``

(1) facilitate'' and inserting ``Commission shall
facilitate'';

(2) in paragraph

(1) , by striking ``; and'' and inserting a
period; and

(3) by striking paragraph

(2) .

(b) Investment Advisers Act of 1940.--
Section 211 (h) of the Investment Advisers Act of 1940 (15 U.

(h) of the
Investment Advisers Act of 1940 (15 U.S.C. 80b-11

(h) ) is amended--

(1) by striking ``Commission shall'' and all that follows
through ``

(1) facilitate'' and inserting ``Commission shall
facilitate'';

(2) in paragraph

(1) , by striking ``; and'' and inserting a
period; and

(3) by striking paragraph

(2) .
SEC. 4.
CONDUCT.
Section 15 of the Securities Exchange Act of 1934 (15 U.
is amended by repealing the second subsection

(k) (relating to
``Standard of Conduct'').
Union Calendar No. 315

119th CONGRESS

1st Session

H. R. 3484

[Report No. 119-363]

_______________________________________________________________________

A BILL

To terminate unused authorities of the Securities and Exchange
Commission that were established pursuant to the Dodd-Frank Wall Street
Reform and Consumer Protection Act.

_______________________________________________________________________

November 4, 2025

Reported with an amendment, committed to the Committee of the Whole
House on the State of the Union, and ordered to be printed
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