SEC Regulatory Accountability Act

The SEC Regulatory Accountability Act requires the Securities and Exchange Commission (SEC) to conduct detailed cost-benefit analyses before proposing or finalizing new regulations. It mandates that the SEC assess how regulations impact market participants, evaluate alternatives to minimize burden, and ensure rules are written in plain language with clear justifications. For major regulations, the bill also requires the SEC to establish post-implementation assessment plans to measure economic effects and report on outcomes within four years. This bill directly affects the SEC and other securities regulators like the Public Company Accounting Oversight Board, altering their rulemaking processes to prioritize cost-effectiveness and transparency.