# 117-hr-9603: SEC Regulatory Accountability Act

117-hr-9603, SEC Regulatory Accountability Act, is a 117th Congress bill sponsored by Rep. Wagner, Ann [R-MO-2] (R-MO); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-9603
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-9603
- Congress: 117
- Title: SEC Regulatory Accountability Act
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2022-12-15
- Sponsor: Rep. Wagner, Ann [R-MO-2] (R-MO)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

SEC Regulatory Accountability Act This bill direct the Securities and Exchange Commission (SEC) to make specified considerations before issuing securities regulations. Specifically, the SEC must 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 must consider its impact on investors, market liquidity, small businesses, and competition. In addition, the SEC must periodically review its existing regulations to determine if they are outmoded, ineffective, insufficient, or excessively burdensome and review, modify, streamline, expand, or repeal them accordingly. Whenever it adopts or amends a major rule, the SEC must state (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.

## Related bills

- 117-hr-4693: Global Malnutrition Prevention and Treatment Act of 2021
- 117-hr-1448: PAWS for Veterans Therapy Act
- 117-hr-3537: Accelerating Access to Critical Therapies for ALS Act
- 117-hr-1652: VOCA Fix to Sustain the Crime Victims Fund Act of 2021
- 117-hr-1193: Cardiovascular Advances in Research and Opportunities Legacy Act
- 117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servicemembers who perished in Afghanistan on August 26, 2021, during the evacuation…

## Sources
- [117-hr-9603 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/9603)

## Related
- [117-hr-4693: Global Malnutrition Prevention and Treatment Act of 2021](https://policyrisk.com/legislation/117-hr-4693)
- [117-hr-1448: PAWS for Veterans Therapy Act](https://policyrisk.com/legislation/117-hr-1448)
- [117-hr-3537: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/117-hr-3537)
- [117-hr-1652: VOCA Fix to Sustain the Crime Victims Fund Act of 2021](https://policyrisk.com/legislation/117-hr-1652)
- [117-hr-1193: Cardiovascular Advances in Research and Opportunities Legacy Act](https://policyrisk.com/legislation/117-hr-1193)
- [117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servi…](https://policyrisk.com/legislation/117-hr-5142)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-9603 (as of 2025-11-18).