# 119-hr-3484: Business Owners Protection Act of 2025

119-hr-3484, Business Owners Protection Act of 2025, is a 119th Congress bill sponsored by Rep. Barr, Andy [R-KY-6] (R-KY); status in_committee; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-3484
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-3484
- Congress: 119
- Title: Business Owners Protection Act of 2025
- Status: in_committee
- Introduced: 2025-05-19
- Sponsor: Rep. Barr, Andy [R-KY-6] (R-KY)
- Cosponsors: 7
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**This bill would remove several dormant SEC authorities from Dodd-Frank, most notably ending the agency's power to restrict mandatory predispute arbitration and to set certain fiduciary and conduct mandates.** - Business owners: Would eliminate the SEC's authority to restrict mandatory predispute arbitration, affecting how companies can use arbitration clauses in customer and employee agreements. - Investors and advisers: Would repeal and amend provisions that authorized the SEC to impose fiduciary-duty rules and a statutory "standard of conduct" under the Securities Exchange Act and the Investment Advisers Act, narrowing regulatory hooks tied to investor protections. - SEC and rulemaking: Would change specific "Commission shall" directives to "Commission shall facilitate" and strike listed paragraphs, collectively terminating several unused regulatory authorities created by Dodd-Frank without adding new program authorities or funding.

## Cosponsors (7)

- Rep. Emmer, Tom [R-MN-6] (R-MN), 2025-05-19T00:00:00.000Z
- Rep. Westerman, Bruce [R-AR-4] (R-AR), 2025-05-19T00:00:00.000Z
- Rep. Hinson, Ashley [R-IA-2] (R-IA), 2025-05-19T00:00:00.000Z
- Rep. Hudson, Richard [R-NC-9] (R-NC), 2025-05-20T00:00:00.000Z
- Rep. Baumgartner, Michael [R-WA-5] (R-WA), 2025-05-20T00:00:00.000Z
- Rep. Williams, Roger [R-TX-25] (R-TX), 2025-06-06T00:00:00.000Z
- Rep. Sessions, Pete [R-TX-17] (R-TX), 2025-06-09T00:00:00.000Z

## Provisions PRIA read

- Fewer SEC duties for brokers and advisers: mixed, high. If enacted, the SEC would have less power to set duty and conduct rules. The bill would narrow duties in two core securities laws. It would also delete a standard of conduct clause. Firms could face fewer compliance rules. Investors might have weaker legal backstops for bad advice. The bill lists n…
- SEC could not limit mandatory arbitration: mixed, medium. If enacted, the bill would repeal the SEC's power to restrict mandatory arbitration. Firms could keep or expand arbitration clauses. Investors would have fewer paths to bring group or court cases. The bill sets no dates or funding.

## Related bills

- 119-hr-1301: Death Tax Repeal Act
- 119-hr-979: AM Radio for Every Vehicle Act of 2025
- 119-hr-703: Main Street Tax Certainty Act
- 119-hr-452: Miracle on Ice Congressional Gold Medal Act
- 119-hr-21: Born-Alive Abortion Survivors Protection Act
- 119-hr-987: Fair Access to Banking Act

## Sources
- [119-hr-3484 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/3484)

## Related
- [119-hr-1301: Death Tax Repeal Act](https://policyrisk.com/legislation/119-hr-1301)
- [119-hr-979: AM Radio for Every Vehicle Act of 2025](https://policyrisk.com/legislation/119-hr-979)
- [119-hr-703: Main Street Tax Certainty Act](https://policyrisk.com/legislation/119-hr-703)
- [119-hr-452: Miracle on Ice Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-452)
- [119-hr-21: Born-Alive Abortion Survivors Protection Act](https://policyrisk.com/legislation/119-hr-21)
- [119-hr-987: Fair Access to Banking Act](https://policyrisk.com/legislation/119-hr-987)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-3484 (as of 2026-04-21).