US Congress House Bill 78 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 4)
Status: Engrossed on January 17 2017 - 50% progression, died in committee
Action: 2017-01-17 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]

SEC Regulatory Accountability Act (Sec. 2) This bill amends the Securities Exchange Act of 1934 to direct the Securities and Exchange Commission (SEC) to: before issuing a regulation under the securities laws, identify the nature and source of the problem that the proposed regulation is designed to address; adopt a regulation only upon a reasoned determination that its benefits justify its costs; identify and assess available alternatives to any regulation; and ensure that any regulation is accessible, consistent, written in plain language, and easy to understand. In determining the costs and benefits of a proposed regulation, the SEC shall consider its impact on investor choice, market liquidity, and small businesses. In addition, the SEC shall: (1) periodically review its existing regulations to determine if they are outmoded, ineffective, insufficient, or excessively burdensome; and (2) in accordance with such review, modify, streamline, expand, or repeal them. Whenever it adopts or amends a rule that is "major" (in terms of economic impact), the SEC shall state in its adopting release: (1) the regulation's purposes and intended consequences, (2) metrics for measuring the regulation's economic impact, (3) the assessment plan to be used to assess whether the regulation has achieved its stated purposes, and (4) any foreseeable unintended or negative consequences of the regulation.

SEC Regulatory Accountability Act

Rep. Ann Wagner [R-MO]

Rep. Pete Sessions [R-TX]

Rep. Edward Royce [R-CA]

Rep. Scott Tipton [R-CO]

2017-01-12 - House - On agreeing to the Green, Al amendment (A003) H.Amdt.41 RC# 47 (Y: 191 N: 232 NV: 11 Abs: 0) [FAIL]
2017-01-12 - House - On agreeing to the Green, Al amendment (A001) H.Amdt.39 RC# 46 (Y: 192 N: 233 NV: 9 Abs: 0) [FAIL]
2017-01-12 - House - On agreeing to the DeSaulnier amendment (A004) H.Amdt.42 RC# 48 (Y: 194 N: 233 NV: 7 Abs: 0) [FAIL]
2017-01-12 - House - On agreeing to the Raskin amendment (A005) H.Amdt.43 RC# 49 (Y: 196 N: 231 NV: 7 Abs: 0) [FAIL]
2017-01-12 - House - On motion to recommit with instructions RC# 50 (Y: 195 N: 232 NV: 7 Abs: 0) [FAIL]
2017-01-12 - House - On passage RC# 51 (Y: 243 N: 184 NV: 7 Abs: 0) [PASS]

Date	Chamber	Action
2017-01-17	Senate	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2017-01-12	House	Motion to reconsider laid on the table Agreed to without objection.
2017-01-12	House	On passage Passed by recorded vote: 243 - 184 (Roll no. 51).
2017-01-12	House	On motion to recommit with instructions Failed by recorded vote: 195 - 232 (Roll no. 50).
2017-01-12	House	The previous question on the motion to recommit with instructions was ordered without objection.
2017-01-12	House	Floor summary: DEBATE - The House proceeded with 10 minutes of debate on the Bustos motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment pertaining to consideration of the potential outsourcing of U.S. Jobs.
2017-01-12	House	Mrs. Bustos moved to recommit with instructions to the Committee on Financial Services. (text: CR H446)
2017-01-12	House	The House adopted the amendment as agreed to by the Committee of the Whole House on the state of the Union.
2017-01-12	House	The previous question was ordered pursuant to the rule.
2017-01-12	House	The House rose from the Committee of the Whole House on the state of the Union to report H.R. 78.
2017-01-12	House	H.Amdt.43 On agreeing to the Raskin amendment (A005) Failed by recorded vote: 196 - 231 (Roll no. 49).
2017-01-12	House	H.Amdt.42 On agreeing to the DeSaulnier amendment (A004) Failed by recorded vote: 194 - 233 (Roll no. 48).
2017-01-12	House	H.Amdt.41 On agreeing to the Green, Al amendment (A003) Failed by recorded vote: 191 - 232 (Roll no. 47).
2017-01-12	House	H.Amdt.39 On agreeing to the Green, Al amendment (A001) Failed by recorded vote: 192 - 233 (Roll no. 46).
2017-01-12	House	POSTPONED PROCEEDINGS - At the conclusion of debate on the Raskin amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Mr. Raskin demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
2017-01-12	House	DEBATE - Pursuant to the provisions of H. Res. 40, the Committee of the Whole proceeded with 10 minutes of debate on the Raskin Part A amendment No. 5.
2017-01-12	House	H.Amdt.43 Amendment (A005) offered by Mr. Raskin. (consideration: CR H442-443, H445-446; text: CR H442)
2017-01-12	House	POSTPONED PROCEEDINGS - At the conclusion of debate on the DeSaulnier amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Mr. DeSaulnier demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
2017-01-12	House	DEBATE - Pursuant to the provisions of H. Res. 40, the Committee of the Whole proceeded with 10 minutes of debate on the DeSaulnier Part A amendment No. 4.
2017-01-12	House	H.Amdt.42 Amendment (A004) offered by Mr. DeSaulnier. (consideration: CR H441-442, H444-445; text: CR H441)
2017-01-12	House	POSTPONED PROCEEDINGS - At the conclusion of debate on the Al Green (TX) amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Mr. Al Green (TX) demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
2017-01-12	House	DEBATE - Pursuant to the provisions of H. Res. 40, the Committee of the Whole proceeded with 10 minutes of debate on the Al Green (TX) Part A amendment No. 3.
2017-01-12	House	H.Amdt.41 Amendment (A003) offered by Mr. Green, Al. (consideration: CR H439-441, H443-444; text: CR H439)
2017-01-12	House	H.Amdt.40 On agreeing to the Velazquez amendment (A002) Agreed to by voice vote.
2017-01-12	House	DEBATE - Pursuant to the provisions of H. Res. 40, the Committee of the Whole proceeded with 10 minutes of debate on the Velazquez Part A amendment No. 2.
2017-01-12	House	H.Amdt.40 Amendment (A002) offered by Ms. Velazquez. (consideration: CR H439; text: CR H439)
2017-01-12	House	POSTPONED PROCEEDINGS - At the conclusion of debate on the Al Green (TX) amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Mr. Al Green (TX) demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
2017-01-12	House	DEBATE - Pursuant to the provisions of H. Res. 40, the Committee of the Whole proceeded with 10 minutes of debate on the Al Green (TX) Part A amendment No. 1.
2017-01-12	House	H.Amdt.39 Amendment (A001) offered by Mr. Green, Al. (consideration: CR H438-439; text: CR H438)
2017-01-12	House	GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 78.
2017-01-12	House	The Speaker designated the Honorable Tom McClintock to act as Chairman of the Committee.
2017-01-12	House	House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 40 and Rule XVIII.
2017-01-12	House	Rule provides for consideration of H.R. 78 and H.R. 238. The resolution provides for one hour of general debate on both H.R. 78 and H.R. 238. The resolution provides for suspension authority at any time on the legislative day of January 13, 2017. The resolution also provides for legislative proceedings during the period of January 16, 2017 through January 20, 2017.
2017-01-12	House	Considered under the provisions of rule H. Res. 40. (consideration: CR H428-448; text as reported in House: CR H437-438)
2017-01-10	House	Rules Committee Resolution H. Res. 40 Reported to House. Rule provides for consideration of H.R. 78 and H.R. 238. The resolution provides for one hour of general debate on both H.R. 78 and H.R. 238. The resolution provides for suspension authority at any time on the legislative day of January 13, 2017. The resolution also provides for legislative proceedings during the period of January 16, 2017 through January 20, 2017.
2017-01-03	House	Referred to the House Committee on Financial Services.
2017-01-03	House	Introduced in House

HR40 (Related) 2017-01-11 - Motion to reconsider laid on the table Agreed to without objection.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/78/all-info
Text	https://www.congress.gov/115/bills/hr78/BILLS-115hr78ih.pdf
Text	https://www.congress.gov/115/bills/hr78/BILLS-115hr78eh.pdf
Roll Call	https://clerk.house.gov/Votes/201751
Roll Call	https://clerk.house.gov/Votes/201750
Roll Call	https://clerk.house.gov/Votes/201749
Roll Call	https://clerk.house.gov/Votes/201748
Roll Call	https://clerk.house.gov/Votes/201746
Roll Call	https://clerk.house.gov/Votes/201747