Hearing: SEC Overreach: Examining the Need for Reform

Subcommittee on Capital Markets (Committee on Financial Services)

Wednesday, March 20, 2024 (10:00 AM)

2128 RHOB
Washington, D.C.

Witnesses

Ms. Jennifer Schulp
Director of Financial Regulation Studies, Center for Monetary and Financial Alternatives, Cato Institute

Added 03/15/2024 at 09:52 AM
  • Witness Statement [PDF] Added 03/19/2024 at 10:31 AM
  • Witness Truth in Testimony [PDF] Added 03/19/2024 at 10:31 AM

Mr. David Burton
Senior Fellow in Economic Policy, Thomas A. Roe Institute for Economic Policy Studies, The Heritage Foundation

Added 03/15/2024 at 09:52 AM
  • Witness Statement [PDF] Added 03/19/2024 at 10:31 AM
  • Witness Truth in Testimony [PDF] Added 03/19/2024 at 10:31 AM

Mr. John Gulliver
Executive Director, Committee on Capital Markets Regulation

Added 03/15/2024 at 09:52 AM
  • Witness Statement [PDF] Added 03/18/2024 at 04:09 PM
  • Witness Truth in Testimony [PDF] Added 03/18/2024 at 04:09 PM

Ms. Alexandra Thornton
Senior Director, Financial Regulation for Inclusive Economy, Center for American Progress

Added 03/18/2024 at 01:45 PM
  • Witness Statement [PDF] Added 03/19/2024 at 10:33 AM
  • Witness Truth in Testimony [PDF] Added 03/19/2024 at 10:33 AM

Text of Legislation

  • HR ____, the "SEC Regulatory Accountability Act" [PDF] Added 03/15/2024 at 09:52 AM
  • HR 7030, the "Review the Expansion of Government Act of 2024 or the REG Act of 2024" [PDF] Added 03/15/2024 at 09:52 AM
  • HR ____, to require an assessment and report to Congress on the adequacy of the SEC’s cost-benefit analysis with respect to major rulemakings [PDF] Added 03/15/2024 at 09:52 AM
  • HR ____, to mandate minimum comment periods of at least 60 days for all SEC-initiated rulemakings, with certain exceptions, calculated from the date published in the Federal Register. [PDF] Added 03/15/2024 at 09:52 AM
  • HR ____, to require the SEC to submit a public, semi-annual report to Congress describing the details of certain meetings between SEC employees and international standards setters, and to clarify that certain agreements with international standards setters are subject to the requirements of the Administrative Procedure Act [PDF] Added 03/15/2024 at 09:52 AM
  • HR ____, to require the Commission to review certain “reviewable actions” by SEC staff [PDF] Added 03/15/2024 at 09:52 AM
  • HR ____, to require the semi-annual testimony of the Chairman of the SEC before the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate, with testimony on at least one instance to include the testimony of the entire Commission [PDF] Added 03/15/2024 at 09:52 AM
  • HR ____, the "Streamlining Public Company Accounting Oversight Act" [PDF] Added 03/15/2024 at 09:52 AM
  • HR 4551, the "Protecting Investors’ Personally Identifiable Information Act" [PDF] Added 03/15/2024 at 09:52 AM
  • HR 6825, the "Amendment for Crowdfunding Capital Enhancement and Small-business Support Act of 2023 or the ACCESS Act of 2023" [PDF] Added 03/15/2024 at 09:52 AM
  • HR 7092, the "Protecting Private Job Creators Act" [PDF] Added 03/15/2024 at 09:52 AM
  • HR ____, to require a study and report to Congress on the SEC’s information technology infrastructure and handling of data [PDF] Added 03/15/2024 at 09:52 AM
  • H. J. Res. ____, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to “Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews" [PDF] Added 03/15/2024 at 09:52 AM

Support Documents

  • Notice [PDF]
  • Memorandum [PDF] Added 03/15/2024 at 09:52 AM

First Published: March 13, 2024 at 01:55 PM
Last Updated: August 2, 2024 at 11:19 AM