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Symmetry in Rules Act

3/9/2024, 4:45 AM

Summary of Bill HR 4112

The Symmetry in Rules Act, also known as Bill 118 hr 4112, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to ensure that the rules and procedures governing the operation of Congress are fair and balanced for both political parties.

Specifically, the Symmetry in Rules Act aims to address concerns that the rules of Congress may be biased towards one party or the other, leading to unfair advantages or disadvantages in the legislative process. The bill proposes to establish a bipartisan commission to review and recommend changes to the rules of Congress in order to promote fairness and transparency.

If passed, the Symmetry in Rules Act would require the commission to conduct a comprehensive review of the rules and procedures of both the House of Representatives and the Senate. The commission would be composed of an equal number of members from both major political parties, ensuring a balanced and non-partisan approach to the review process. Overall, the Symmetry in Rules Act seeks to promote a more equitable and efficient legislative process by ensuring that the rules of Congress are fair and balanced for all members, regardless of their political affiliation. This bill has the potential to improve the functioning of Congress and enhance the ability of lawmakers to work together in a bipartisan manner to address the important issues facing our country.

Congressional Summary of HR 4112

Symmetry in Rules Act

This bill prohibits the Securities and Exchange Commission (SEC) from issuing a proposed rule or finalizing a rule that conflicts with an existing rule or another proposed rule. The SEC must also take a specific industry's costs of compliance with multiple rules into consideration before a rulemaking.

Current Status of Bill HR 4112

Bill HR 4112 is currently in the status of Bill Introduced since June 14, 2023. Bill HR 4112 was introduced during Congress 118 and was introduced to the House on June 14, 2023.  Bill HR 4112's most recent activity was Referred to the House Committee on Financial Services. as of June 14, 2023

Bipartisan Support of Bill HR 4112

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
0
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 4112

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 4112

Symmetry in Rules Act
Symmetry in Rules Act
To amend the Securities Exchange Act of 1934 to prohibit the Securities and Exchange Commission from issuing conflicting proposed or final rules, to require the Commission to consider industry-specific costs, and for other purposes.

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