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H.R. 3484 (119th Congress)Introduced
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Business Owners Protection Act of 2025

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Summary

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This bill repeals three provisions of the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940 that were established under the Dodd-Frank Act. Specifically, it eliminates the SEC's authority to restrict mandatory predispute arbitration agreements, removes SEC authority related to fiduciary duty standards for brokers and investment advisers, and repeals SEC authority to establish standards of conduct for securities professionals. The bill characterizes these authorities as unused.

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