Wagner Introduces SEC Reform Package

Washington, D.C. – Congresswoman Ann Wagner (R-MO), Chair of the Financial Services Subcommittee on Capital Markets, released the following statement after she introduced the SEC Reform and Restructuring Act:

“I am committed to supporting local small businesses and the families that run them. The Biden Administration’s SEC imposed a top-down regulatory process that made it much more challenging for employers to raise money and for families to invest.  It has been a full-time job working with our current Chair of the SEC Paul Atkins to dig ourselves out of that hole and build a smoother, more effective, and more accountable process so hardworking Americans can focus on what matters: saving for a better future.  The SEC Reform and Restructuring Act will prioritize investor protection and eliminate onerous and ineffective programs, support more accessible regulations that make sense, and ensure that the SEC is accountable to the people, not government bureaucrats who think they know best.”

The SEC Reform and Restructuring Act includes the following legislation:

SEC Regulatory Accountability Act - Sponsored by Rep. Ann Wagner

SEC Transparency Act - Sponsored by Rep. Ann Wagner

SEC Cybersecurity Act - Sponsored by Rep. Ann Wagner

Review the Expansion of Government Act - Sponsored by Rep. Young Kim

Streamlining Public Company Accounting Oversight Act - Sponsored by Rep. Bill Huizenga

Securities Enforcement Clarity Act - Sponsored by Rep. Pete Sessions

SEC Modernization Act - Sponsored by Rep. Troy Downing

Read the section by section on this bill here.