Washington D.C. — Today, Congresswoman Young Kim (CA-40), member of the House Financial Services Committee, introduced the Review the Expansion of Government (REG) Act to bolster Congressional oversight of the Securities and Exchange Commission (SEC).
The REG Act would require the SEC to consider the cumulative impact of related existing and proposed rules, ensuring regulators measure the full weight of their actions on companies and American families.
“Federal policies should make life easier for Americans, not harder. The SEC has proposed rules that sideline Congress, stifle access to capital and innovation, and burden small businesses, investors, and consumers alike. We must preserve our country’s competitive edge in the capital markets andaround the world,” said Rep. Kim. “The REG Act is commonsense legislation that will strengthen Congressional oversight of the SEC’s rulemaking process and ensure its regulations are working as intended, not impeding the American Dream. I’ll keep fighting for a streamlined, transparent federal government that is accountable to taxpayers.”
Read the full bill text HERE.
