/  H.R. 1062 - SEC Regulatory Accountability Act

H.R. 1062 - SEC Regulatory Accountability Act

Summary

H.R. 1062 requires the Securities Exchange Commission (SEC) to perform a cost-benefit analysis of proposed regulations, identify and assess alternatives to those regulations, tailor regulations to impose the least burden on society, choose the regulatory approach that maximizes net benefits, and review existing regulations within one year of enactment.

Type of Rule

Structured rule (making only particular amendments in order) for consideration of H.R. 1062.  Reported by a vote of 8 yeas to 2 nays.

Amendments

H.R. 1062

Republican

Democratic

Bipartisan

Submitted

3

2

0

Withdrawn

1

0

0

Made in Order

2

1

0

 

Other Elements of the Rule

Provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services.

Provides 10 minutes of debate for each of the 3 amendments made in order. 

Provides one motion to recommit with or without instructions.

Floor Managers: Sessions/McGovern

Floor Action Expected

The rule and the bill are expected to be on the floor: May 17, 2013.