The bill, H.R. 9477, proposes changes to the Securities Exchange Act of 1934 to enhance oversight of actions taken by the Securities and Exchange Commission (SEC) through its delegated functions. It allows the SEC to have a discretionary right to review such actions and defines what...
Simple Explanation
The bill wants to change some rules about how a big group called the SEC checks on money-related matters. It’s like saying they should have a better way to double-check their homework and tell their parents how they did it every year.