H.R. 78SEC Regulatory Accountability Act

6 recorded actions148 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: Ann Wagner [R-MO-02]
Cosponsors: 3 · 3 Republicans
Policy area: Finance and Financial Sector
Committees: Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Latest action: Jan 17, 2017 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

IntroducedJan 3, 2017
Passed the HouseJan 12, 2017
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS summary

SEC Regulatory Accountability Act

(Sec. 2) This bill amends the Securities Exchange Act of 1934 to direct the Securities and Exchange Commission (SEC) to:

before issuing a regulation under the securities laws, identify the nature and source of the problem that the proposed regulation is designed to address;

adopt a regulation only upon a reasoned determination that its benefits justify its costs;
identify and assess available alternatives to any regulation; and
ensure that any regulation is accessible, consistent, written in plain language, and easy to understand.

In determining the costs and benefits of a proposed regulation, the SEC shall consider its impact on investor choice, market liquidity, and small businesses.

In addition, the SEC shall: (1) periodically review its existing regulations to determine if they are outmoded, ineffective, insufficient, or excessively burdensome; and (2) in accordance with such review, modify, streamline, expand, or repeal them.

Whenever it adopts or amends a rule that is "major" (in terms of economic impact), the SEC shall state in its adopting release: (1) the regulation's purposes and intended consequences, (2) metrics for measuring the regulation's economic impact, (3) the assessment plan to be used to assess whether the regulation has achieved its stated purposes, and (4) any foreseeable unintended or negative consequences of the regulation.

Written by the nonpartisan Congressional Research Service, describing H.R. 78 as passed House amended on Jan 12, 2017. It is not the text of the measure; a later amendment may have changed what it does.

Roll calls on H.R. 786 roll calls on this measure

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Jan 12, 2017Each bar: ✓ Yea from the bottom, ✕ Nay aboveJan 12, 2017

How every member votedHouse roll call 51

House Jan 12, 2017 · the primary vote

On Passage

SEC Regulatory Accountability Act

Passed

243 Yea 184 Nay 7 not voting

Party-line vote 10 of 427 voting members broke with their own party: 9 Democrats, 1 Republican.

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How the chamber split

One dot per member. Select a seat or a bar to filter the list.

DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

By party select a segment to filter

All members434 members

Democratic194 members

Republican240 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

Cosponsors3 · 3 Republicans

Signing on is not a vote: a member can cosponsor H.R. 78 and vote against it. 0 signed when it was filed.

RPete Sessions [R-TX-32]Joined Jan 4, 20172026 profile

RED ROYCE [R-CA-39]Joined Jan 9, 2017

RScott Tipton [R-CO-03]Joined Jan 10, 2017

Who lobbied on H.R. 7811 organizations

Organizations that named H.R. 78 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.

PRUDENTIAL FINANCIAL INCfiled by PRUDENTIAL FINANCIAL, INC.Its PAC: Prudential Financial Inc. Federal PAC

Health Issues · Retirement · Consumer Issues/Safety/Products · Financial Institutions/Investments/Securities +3 more10 filings · 4th Quarter (Oct 1 - Dec 31) 2018Filing

AMERICAN ASSOCIATION FOR JUSTICEIts PAC: American Association for Justice PAC

Consumer Issues/Safety/Products · Food Industry (safety, labeling, etc.) · Homeland Security · Transportation +17 more9 filings · 4th Quarter (Oct 1 - Dec 31) 2018Filing

FINSECAIts PAC: Finseca PAC

Financial Institutions/Investments/Securities · Insurance · Taxation/Internal Revenue Code9 filings · 4th Quarter (Oct 1 - Dec 31) 2018Filing

CHAMBER OF COMMERCE OF THE U.S.A.

Aviation/Airlines/Airports · Travel/Tourism · Trade (domestic/foreign) · Financial Institutions/Investments/Securities +39 more8 filings · 4th Quarter (Oct 1 - Dec 31) 2018Filing

NATIONAL ASSOCIATION FOR THE ADVANCEMENT OF COLORED PEOPLE

Financial Institutions/Investments/Securities · Commodities (big ticket) · Health Issues · Consumer Issues/Safety/Products +38 more3 filings · 3rd Quarter (July 1 - Sep 30) 2017Filing

SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATIONIts PAC: Securities Industry & Financial Markets Association PAC

Financial Institutions/Investments/Securities · Commodities (big ticket) · Retirement · Banking +1 more3 filings · 3rd Quarter (July 1 - Sep 30) 2017Filing

SMALL BUSINESS & ENTREPRENEURSHIP COUNCIL (SBE COUNCIL)

Small Business3 filings · 3rd Quarter (July 1 - Sep 30) 2018Filing

ASSOCIATION OF NATIONAL ADVERTISERSfiled by LAW OFFICES OF KEVIN G. CURTIN

Taxation/Internal Revenue Code · Food Industry (safety, labeling, etc.) · Telecommunications · Advertising1 filing · 1st Quarter (Jan 1 - Mar 31) 2017Filing

COUNCIL OF INSTITUTIONAL INVESTORS

Financial Institutions/Investments/Securities1 filing · 1st Quarter (Jan 1 - Mar 31) 2017Filing

INVESTMENT COMPANY INSTITUTEIts PAC: Investment Co. Institute PAC

Financial Institutions/Investments/Securities · Retirement · Budget/Appropriations · Taxation/Internal Revenue Code1 filing · 1st Quarter (Jan 1 - Mar 31) 2017Filing

49 disclosures name this measure. Retrieved from LDA.gov on 2026-10-05. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.