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Bill · 119th Congress · HR 3484
Business Owners Protection Act of 2025
Refreshed 2 h ago
Introduced 2025-05-19Topic: economy jobs · governance ethicsSummary
AI-generated summary, report an errorThis bill would end several powers given to the Securities and Exchange Commission (SEC) by the 2010 Dodd-Frank financial reform law, which the bill describes as unused. It would repeal the SEC's authority to restrict mandatory predispute arbitration, meaning agreements that require customers to settle future disputes through arbitration. It would also remove a part of securities law, listed under the heading of fiduciary duties, that applies to brokers, dealers, and investment advisers. Finally, it would repeal a section of securities law titled "Standard of Conduct."
Sponsors
- Andy Barr Republican sponsor
- 7 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2025-11-04 | House | Placed on the Union Calendar, Calendar No. 315. | |
| 2025-11-04 | House | Reported (Amended) by the Committee on Financial Services. H. Rept. 119-363. | report |
| 2025-11-04 | Reported (Amended) by the Committee on Financial Services. H. Rept. 119-363. | report | |
| 2025-09-16 | House | Ordered to be Reported (Amended) by the Yeas and Nays: 26 - 24. | refer |
| 2025-09-16 | House | Committee Consideration and Mark-up Session Held | refer |
| 2025-05-19 | House | Referred to the House Committee on Financial Services. | refer |
| 2025-05-19 | Introduced in House | introduce | |
| 2025-05-19 | Introduced in House | introduce |