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119-s-1806119th CongressWALLET

Business Owners Protection Act of 2025

Sponsored By: Senator Ricketts, Pete [R-NE]

Introduced

Summary

Terminates certain unused SEC authorities created by Dodd-Frank. This bill would end any Securities and Exchange Commission authority added by the Dodd-Frank Act that gives the agency discretion to set requirements for private entities when the SEC had not issued a proposed rule or guidance by January 1, 2025. It would also require the SEC to publish and send Congress a list of every authority it terminates within 180 days.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

End some SEC authorities from Dodd Frank

This bill would end certain SEC authorities created by the Dodd-Frank Act. It would terminate any SEC authority that lets the SEC decide to require rules for private companies if the SEC had not issued a proposed rulemaking notice under 5 U.S.C. 553 or a guidance document before January 1, 2025. Termination would take effect on the date of enactment. The SEC would have 180 days after enactment to submit to Congress and publish a public list of each ended authority. If enacted, this would reduce the chance of new SEC rulemaking for businesses and could remove authorities the SEC might have used to pursue investor protections.

Sponsors & CoSponsors

Sponsor

Ricketts, Pete [R-NE]

NE • R

Cosponsors

  • Sen. Curtis, John R. [R-UT]

    UT • R

    Sponsored 5/19/2025

  • Sen. Banks, Jim [R-IN]

    IN • R

    Sponsored 6/4/2025

  • Sen. Cotton, Tom [R-AR]

    AR • R

    Sponsored 7/28/2025

  • Sen. Britt, Katie Boyd [R-AL]

    AL • R

    Sponsored 9/29/2025

  • Sen. Hagerty, Bill [R-TN]

    TN • R

    Sponsored 11/3/2025

  • Sen. McCormick, David [R-PA]

    PA • R

    Sponsored 11/6/2025

  • Sen. Budd, Ted [R-NC]

    NC • R

    Sponsored 12/8/2025

  • Sen. Tillis, Thomas [R-NC]

    NC • R

    Sponsored 5/13/2026

  • Sen. McConnell, Mitch [R-KY]

    KY • R

    Sponsored 6/15/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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