Toward reducing over-regulation by the the Securities and Exchange Commission (SEC), U.S. Rep. Young Kim (R-CA) on June 24 proposed new legislation that would increase congressional oversight of the commission’s rulemaking process.
Specifically, the Reviewing the Expansion of Government (REG) Act of 2026, H.R. 9434, would require the SEC to consider the cumulative impact of related existing and proposed rules, toward ensuring that regulators measure the full weight of their actions on companies and American families, according to a bill summary provided by the congresswoman’s staff.
“Federal policies should make life easier for Americans, not harder,” Rep. Kim said. “The SEC has proposed rules that sideline Congress, stifle access to capital and innovation, and burden small businesses, investors, and consumers alike.
“We must preserve our country’s competitive edge in the capital markets and around the world,” she added. “I’ll keep fighting for a streamlined, transparent federal government that is accountable to taxpayers.”
H.R. 9434 has been referred to the U.S. House Financial Services Committee for consideration.