REG Act of 2026
Sponsored By: Representative Kim, Young [R-CA-40]
Introduced
Summary
Require regulators to assess the cumulative effects of related securities rules. The bill would add a cross-cutting rulemaking consideration across four major securities laws so agencies must weigh how a proposed rule interacts with other related rules and recent proposals.
Show full summary
- Regulators and rulewriters would need to analyze both individual and cumulative impacts when crafting rules under the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940.
- Firms, exchanges, mutual funds, and investment advisers would face rulemakings that explicitly account for how new requirements interact with other rules and recent proposals when agencies decide whether a rule meets statutory standards.
- Investors and market observers would see agencies justify changes with a broader look at combined effects across related regulations rather than only a single-rule focus.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
New checks on securities rulemaking
If enacted, this bill would require agencies making securities rules to check whether a proposed rule, alone or with related rules, would meet the law's goals. The change would be added to four laws: the Securities Act, the Exchange Act, the Investment Company Act, and the Advisers Act. The SEC and similar regulators, plus issuers, exchanges, broker‑dealers, investment companies, and advisers, would be affected. This would slow or change rulemaking and raise compliance costs for firms, but it would also push agencies to weigh market‑wide effects that would benefit investors and retirement accounts.
Sponsors & CoSponsors
Sponsor
Kim, Young [R-CA-40]
CA • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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