The REG Act of 2024 is a law that requires the Securities and Exchange Commission (SEC)—the government agency that oversees the stock market and investment industry—to take a fresh look at its rules every five years. The SEC has to figure out whether these rules still make sense or need updating, keeping three main goals in mind: making it easier for companies to raise money through the stock market, making sure markets work fairly and smoothly, and protecting people's investments. When the SEC creates new rules, it also has to think about how those rules work together with all the other existing rules to make sure they're helping the market work efficiently and encouraging competition. The SEC then has to report back to Congress about what it finds and what changes it's considering. Essentially, this bill is designed to make sure the SEC regularly reviews whether its rulebook is still doing what it's supposed to do, rather than letting old rules stay in place without questioning whether they're still the best approach.

REG Act of 2024

Kim, Young

Review the Expansion of Government Act of 2024 or the REG Act of 2024This bill requires the Securities and Exchange Commission (SEC) to review its final rules every five years to determine if revision is necessary or appropriate to facilitate capital formation, to maintain fair and orderly markets, and for investor protection. The SEC must periodically report to Congress on this effort.When engaged in rulemaking, the SEC must consider whether a new rule will promote efficiency, competition, and capital formation when considered cumulatively with other rules and regulations.