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This bill terminates unused regulatory authorities of the Securities and Exchange Commission (SEC) that were granted under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Specifically, it eliminates SEC discretionary authorities related to private entity requirements that had not been subject to a notice of proposed rulemaking or guidance document before January 1, 2025. The SEC would be required to publish a list of terminated authorities within 180 days of enactment.
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