H.R. 1062 - SEC Regulatory Accountability Act

Bill Text

    Text of H.R. 1062 PDF XML

    SEC Regulatory Accountability Act (as introduced) 

    Rules Committee Print 113-10 PDF XML

    Showing the text of H.R. 1062 as ordered reported by the Committee on Financial Services with a technical change

    Text of H. Rept. 113-53 PDF XML

    Report from the Committee on Financial Services

Rule Information

REPORTED BY RECORD VOTE of 8-2 on Wednesday, May 15, 2013.

ADOPTED by record vote of 223-180, after agreeing to the previous question by record vote of 222-181, on Friday, May 17, 2013. 

MANAGERS: Sessions/McGovern

1. Structured rule.

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

3. Waives all points of order against consideration of the bill.

4. Makes in order as original text for purpose of amendment an amendment in the nature of a substitute consisting of the text of Rules Committee Print 113-10 and provides that it shall be considered as read.

5. Waives all points of order against the amendment in the nature of a substitute.

6. Makes in order only those further amendments printed in the Rules Committee report. Each such amendment may be offered only in the order printed in the report, may be offered only by a Member designated in the report, shall be considered as read, shall be debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, shall not be subject to amendment, and shall not be subject to a demand for division of the question.

7. Waives all points of order against the amendments printed in the report.

8. Provides one motion to recommit with or without instructions.

Amendments (click headers to sort)

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#Version #Sponsor(s)PartySummaryStatus
1Version 1Collins, Doug (GA), Yoho, Ted (FL)RepublicanWithdrawn 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.” Withdrawn
5Version 2Hurt (VA)RepublicanRevised 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.Made In Order
2Version 1Maloney (NY)DemocratSUBSTITUTE 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.Made In Order
3Version 1Sessions (TX)RepublicanMandates 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.Made In Order
4Version 1Slaughter (NY)DemocratDelays 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.Submitted