SEC Economic Analysis Modernization Act

Bill 117 HR 7408, also known as the SEC Economic Analysis Modernization Act, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to modernize and improve the economic analysis conducted by the Securities and Exchange Commission (SEC).

The bill aims to enhance the SEC's ability to assess the economic impact of its regulations and actions by requiring the agency to use the best available economic data and analysis. This will help ensure that the SEC's decisions are based on sound economic principles and will lead to more effective and efficient regulation of the securities markets.

Additionally, the bill seeks to increase transparency and accountability in the SEC's economic analysis by requiring the agency to publish its economic assessments and methodologies for public review and comment. This will allow stakeholders to provide feedback on the SEC's economic analysis and ensure that the agency is taking into account all relevant factors when making regulatory decisions. Overall, the SEC Economic Analysis Modernization Act aims to improve the quality and effectiveness of the SEC's economic analysis, leading to better regulation of the securities markets and ultimately benefiting investors and the economy as a whole.