Congress·In Committee·S. 1806

Business Owners Protection Act of 2025

SEC: Removing Unused Regulatory Powers

May 19, 2025·View on Congress.gov·Read full text

Next up: A senate committeeNo action in 13 months

The Business Owners Protection Act of 2025 is currently in the early stages of the legislative process. It was recently introduced in the Senate and sent to the Committee on Banking, Housing, and Urban Affairs for review. No further actions are scheduled at this time, but the bill remains active.

Legislative Progress

Senate

House

President

Law

Unlikely to pass

This bill targets a major financial reform law that many lawmakers still strongly support. It will likely face heavy opposition from those who want the government to keep its regulatory options open.

Key Points

This bill would take away certain powers from the Securities and Exchange Commission that were granted years ago but never used. It specifically targets rules from the Dodd-Frank Act, which was a major law passed after the 2008 financial crisis to regulate banks and Wall Street.
If the agency has not started the process of making a rule or providing official guidance for a specific power by January 1, 2025, they would lose the right to use that power forever. This prevents the government from suddenly using old laws to create new requirements for businesses.
The bill requires the agency to create a public list of every power they lost within six months of the law being passed. This list must be shared with Congress so lawmakers and the public know exactly which regulations can no longer be created.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions

May 19, 2025Senate

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

May 19, 2025

Introduced in Senate

The bill was officially filed and given a number. It now enters the legislative queue.

No votes or news coverage recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

Business Owners Protection Act of 2025

Bill NumberS 1806

Congress119th Congress

ChamberSenate

Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(8)

R: 8

Analysis generated by AI. Always verify with official sources.