119-s1806

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1806 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 1806

 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 SENATE OF THE UNITED STATES

 May 19, 2025

 Mr. Ricketts (for himself and Mr. Curtis) introduced the following 
 bill; which was read twice and referred to the Committee on Banking, 
 Housing, and Urban Affairs

_______________________________________________________________________

 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. SHORT TITLE.

 This Act may be cited as the ``Business Owners Protection Act of 
2025''.

SEC. 2. TERMINATION OF CERTAIN UNUSED AUTHORITIES OF SECURITIES AND 
 EXCHANGE COMMISSION.

 

Section 23 of the Securities Exchange Act of 1934 (15 U.S.C. 78w) 
is amended by adding at the end the following:
 ``

    (e) Termination of Certain Unused Authorities.--
 ``

    (1) In general.--With respect to authorities of the 
 Commission that were established pursuant to the Dodd-Frank 
 Wall Street Reform and Consumer Protection Act (12 U.S.C. 5301 
 et seq.), any such authority that provides discretion as to 
 whether to establish a requirement for private entities, and 
 for which the Commission had not issued a notice of proposed 
 rulemaking under 

section 553 of title 5, United States Code, or 
 guidance document before January 1, 2025, is terminated upon 
 the date of enactment of this subsection.
 ``

    (2) Inclusion of authorities.--The reference in paragraph

    (1) to authorities established pursuant to the Dodd-Frank Wall 
 Street Reform and Consumer Protection Act (12 U.S.C. 5301 et 
 seq.) includes authorities established for the Commission 
 through amendments made by such Act to this Act.
 ``

    (3) List of authorities.--Not later than 180 days after 
 the date of enactment of this subsection, the Commission shall 
 submit to Congress and publish a publicly available list of 
 each authority that is terminated under paragraph

    (1) .''.
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