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To amend the Federal securities laws to require rulemakings to consider the cumulative effects of the rule with certain other final and proposed rules.
Summary
- Amends four federal securities laws to require the SEC to consider the cumulative effects of new rules in conjunction with other related rules and recently proposed rules.
- Applies the cumulative effects requirement to rulemaking under the Securities Act of 1933.
- Applies the cumulative effects requirement to rulemaking under the Securities Exchange Act of 1934.
- Applies the cumulative effects requirement to rulemaking under the Investment Company Act of 1940.
- Applies the cumulative effects requirement to rulemaking under the Investment Advisers Act of 1940.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Kim, Young [R-CA-40] (R-CA)
Money behind the sponsor
Top reported contributors to Young Kim’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $166,350
- FOUNDERS FUND $14,307
- VETERANS GUARDIAN VA CLAIM CONSULTING $13,200
- EDWARD C. LEVY CO. $13,200
- APOLLO $11,100
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Young Kim → · Outside spending →
Actions (2)
- Jun 24, 2026 Referred to the House Committee on Financial Services. · house
- Jun 24, 2026 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE HOUSE OF REPRESENTATIVES
June 24, 2026
Mrs. Kim introduced the following bill; which was referred to the Committee on Financial Services
A BILL
To amend the Federal securities laws to require rulemakings to consider the cumulative effects of the rule with certain other final and proposed rules.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Reviewing the Expansion of Government Act of 2026” or the “REG Act of 2026”.
SEC. 2. RULEMAKING CONSIDERATIONS.
(a) Rules Under the Securities Act of 1933.—Section 2(b) of the Securities Act of 1933 (15 U.S.C. 77b(b)) is amended by inserting “, when considered individually or cumulatively with other related rules or regulations or other related and recent proposed rules or regulations,” before “will promote”.
(b) Rules Under the Securities Exchange Act of 1934.—Section 23(a)(2) of the Securities Exchange Act of 1934 (15 U.S.C. 78w(a)(2)) is amended by inserting “, when considered individually or cumulatively with other related rules or regulations or other related and recent proposed rules or regulations,” after “which would”.
(c) Rules Under the Investment Company Act of 1940.—Section 2(c) of the Investment Company Act of 1940 (15 U.S.C. 80a-2(c)) is amended by inserting “, when considered individually or cumulatively with other related rules or regulations or other related and recent proposed rules or regulations,” before “will promote”.
(d) Rules Under the Investment Advisers Act of 1940.—Section 202(c) of the Investment Advisers Act of 1940 (15 U.S.C. 80b-2(c)) is amended by inserting “, when considered individually or cumulatively with other related rules or regulations or other related and recent proposed rules or regulations,” before “will promote”. <all>
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