H.R. 7408 — Introduced in House

I 117th CONGRESS 2d Session H. R. 7408 IN THE HOUSE OF REPRESENTATIVES April 5, 2022Mr. Steil (for himself and Mr. Huizenga) introduced the following bill; which was referred to the Committee on Financial Services A BILL To require the Securities and Exchange Commission to update the Commissions’ guidance on economic analysis in rulemakings, and for other purposes. 1. Short title This Act may be cited as the SEC Economic Analysis Modernization Act. 2. Guidance on economic analysis for SEC rulemakings (a) In general Not later than 2 years after the date of enactment of this Act, and every 5 years thereafter, the Securities and Exchange Commission shall update the Commission’s guidance on economic analysis in rulemakings. (b) Availability of update Upon the completion of each update required under subsection (a), the Commission shall make such update available to the public, including on the website of the Commission, along with a summary and justification of any changes made by the update.