The U.S. House Financial Services Committee on June 30 approved a broad legislative package to implement reforms at the Securities and Exchange Commission (SEC), including U.S. Rep. Young Kim’s (R-CA) bill Review the Expansion of Government (REG) Act of 2026.
Rep. Kim’s bill, H.R. 9434, “will require the SEC to consider the cumulative impact of related existing and proposed rules ensuring that regulators measure the full weight of their actions on companies and American families,” she said during a speech on the House floor.
“Our capital markets are the crown jewel of our economies,” Rep. Kim added. Our regulations should be focused on maintaining that and uplifting our small businesses and retail investors.”
The broader SEC Reform and Restructuring Act, H.R. 9329, will prioritize investor protection, eliminate onerous and ineffective programs, and support more accessible, common-sense regulations, according to U.S. Rep. Ann Wagner (R-MO), chair of the Financial Services Subcommittee on Capital Markets and sponsor of the bill.
The legislation moves to the full U.S. House of Representatives for consideration.