Bill · H.R. 3484· House(119-HR-3484)
Business Owners Protection Act of 2025
- Introduced
- 5/19/2025
- Last activity
- 11/4/2025 — Placed on the Union Calendar, Calendar No. 315.
- Sponsored by
- Andy Barr
- Cosponsors
- - 7 - 0
- Introduced
- On Calendar
What this bill would do
This bill, titled the "Business Owners Protection Act of 2025," aims to end certain unused powers of the Securities and Exchange Commission. These powers were originally created by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The legislation seeks to repeal authority regarding mandatory predispute arbitration. It also removes specific authority related to fiduciary duties within the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940. Additionally, the bill repeals certain unused authority regarding standards of conduct.
Yes· 3 of 6
Would business owners be better off under this?+5
The bill reduces the regulatory burden on financial service providers.
Does this make it easier to run a small business?+5
The reduction of SEC regulatory authority may reduce compliance burdens for financial entities.
Would people with substantial wealth be better off under this?+4
Lower regulatory oversight may benefit high-net-worth investment structures.
The opposite· 3 of 5
Does this give the federal government more power?-5
The bill decreases federal regulatory power by repealing SEC authorities.
Does this give people more protection from unfair business practices?-5
The repeal of fiduciary duty authorities and arbitration restrictions may reduce protections for individual investors.
Does this protect the right to fair treatment by the courts?-3
Repealing mandatory arbitration restrictions may impact investor due process in disputes.
Who it would affect, and how
Potential Positive Impacts for People
The provided text does not explicitly list specific benefits or positive outcomes for individuals or groups.
Potential Negative Impacts for People
The provided text does not explicitly list specific negative consequences or burdens for individuals or groups.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+5Good For Billionaires+4Good For High Net Worth Individuals+4Good For Ultra High Net Worth Individuals+4Good For High Income Households+3Good For Middle Class Households-2Good For Retirees-2
- Governance And Ideology
- Increases Federal Power-5Improves Due Process-3
- Economy And Finance
- Improves Small Business Support+5Improves Consumer Protection-5
- 11/4/2025
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-363.
- Placed on the Union Calendar, Calendar No. 315.
- 9/16/2025
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 26 - 24.
- 6/9/2025
- 1 Cosponsor added.
- 6/6/2025
- 1 Cosponsor added.
- 5/20/2025
- 2 Cosponsors added.
- 5/19/2025
- Referred to the House Committee on Financial Services.
- 3 Cosponsors added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Michael BaumgartnerRepublican · Washington
Tom EmmerRepublican · Minnesota
Richard HudsonRepublican · North Carolina
Ashley HinsonRepublican · Iowa
Pete SessionsRepublican · Texas
Roger WilliamsRepublican · Texas
Bruce WestermanRepublican · Arkansas