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The SEC REVIEW Act of 2024 amends the Securities Exchange Act of 1934 to require SEC Chairman approval (alone or with Commissioners' agreement) before certain delegated SEC actions take effect. These "reviewable actions" include no-action relief letters on shareholder proposals and rules issued by delegated staff. The bill also requires annual reports to Congress analyzing how shareholder proposal no-action letters comply with regulations and do not discriminate based on viewpoint or political affiliation, and mandates the SEC General Counsel report delegated functions to Congress.
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