Bill · S. 1806· Senate(119-S-1806)
Business Owners Protection Act of 2025
- Introduced
- 5/19/2025
- Last activity
- 5/19/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Pete Ricketts
- Cosponsors
- - 9 - 0
- Introduced
- In Committee
What this bill would do
This bill, titled the "Business Owners Protection Act of 2025," seeks to end specific unused powers of the Securities and Exchange Commission. It targets authorities created by the Dodd-Frank Wall Street Reform and Consumer Protection Act. Specifically, it targets powers that allow the Commission to decide whether to create requirements for private entities. These powers are terminated if the Commission had not issued a notice of proposed rulemaking or a guidance document before January 1, 2025. Finally, the Commission must publish a list of these terminated authorities within 180 days.
Yes
Would business owners be better off under this?+5
The bill provides relief to business owners by terminating certain discretionary regulatory authorities.
Does this make what the government does easier for the public to see?+3
The bill increases transparency by requiring the SEC to publish a list of terminated authorities.
The opposite
Does this give the federal government more power?-4
The bill reduces federal regulatory power by terminating certain SEC authorities.
Does this give people more protection from unfair business practices?-3
The reduction in SEC regulatory authority may decrease protections for consumers in financial markets.
Who it would affect, and how
Potential Positive Impacts for People
-
Termination of discretionary requirements: This provision targets authorities that allow the Commission to decide whether to establish requirements for private entities (Section 2, paragraph 1). This could be seen as positive for businesses by removing certain regulatory powers that were not actively being used through formal rulemaking or guidance before the start of 2025.
-
Transparency through public listing: The bill requires the Commission to submit and publish a publicly available list of all terminated authorities within 180 days (Section 2, paragraph 3). This provides the public and Congress with clear information regarding which specific regulatory powers have been ended.
Potential Negative Impacts for People
- Loss of regulatory oversight: The bill terminates authorities established by the Dodd-Frank Wall Street Reform and Consumer Protection Act if they had not yet resulted in a notice of proposed rulemaking or guidance document before January 1, 2025 (Section 2, paragraph 1). This could be considered negative as it removes the Commission's ability to exercise discretion in creating requirements for private entities that had not yet been formally acted upon.
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+5
- Economy And Finance
- Improves Consumer Protection-3
- Governance And Ideology
- Improves Government Transparency+3Increases Federal Power-4
- 6/15/2026
- 1 Cosponsor added.
- 5/13/2026
- 1 Cosponsor added.
- 12/8/2025
- 1 Cosponsor added.
- 11/6/2025
- 1 Cosponsor added.
- 11/3/2025
- 1 Cosponsor added.
- 9/29/2025
- 1 Cosponsor added.
- 7/28/2025
- 1 Cosponsor added.
- 6/4/2025
- 1 Cosponsor added.
- 5/19/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
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.
Jim BanksRepublican · Indiana
Ted BuddRepublican · North Carolina
Katie BrittRepublican · Alabama
Tom CottonRepublican · Arkansas
John CurtisRepublican · Utah
Bill HagertyRepublican · Tennessee
Mitch McConnellRepublican · Kentucky
David McCormickRepublican · Pennsylvania
Thomas TillisRepublican · North Carolina