H.R. 8226 requires the Comptroller General of the United States, who heads the Government Accountability Office, to study the major rules issued by the Securities and Exchange Commission. Starting within one year of the bill's enactment and then every three years after that, the Comptroller General must analyze whether these rules achieve their intended goals, including whether they help companies raise capital, support fair and efficient markets, and protect investors. For each rule studied, the analysis must include a cost-benefit comparison between the Comptroller General's independent assessment and the SEC's original analysis, as well as a comparison between what the rule was projected to cost and what it actually costs. If there are more than ten major rules to review, the Comptroller General will focus only on the ten most significant ones. The Comptroller General must submit a report to Congress within one year of completing each study, noting any rules that haven't been fully implemented yet and therefore can't be fully analyzed.
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