Business Owners Protection Act of 2025

S 1806, the Business Owners Protection Act of 2025, terminates certain discretionary powers held by the Securities and Exchange Commission (SEC) that were created under the Dodd-Frank Act but never implemented. Specifically, it ends SEC authority to impose new requirements on private businesses if the Commission hadn’t proposed rules or issued guidance on those requirements by January 1, 2025. This affects businesses that might have faced new SEC rules but avoids future regulatory burdens from unused authority. The SEC must publicly list all terminated authorities within 180 days of the bill’s enactment.