H.R. 7030, titled the "Review the Expansion of Government Act of 2024" or "REG Act of 2024," requires the Securities and Exchange Commission (SEC) to review its final rules every five years to determine if any changes are needed to help with capital formation, maintain fair markets, and...
Simple Explanation
The "REG Act of 2024" is like asking the grown-ups who make rules for trading companies to check their rules every five years to see if they still make sense and keep everyone safe while playing fair. They also have to make sure these rules don’t pile up and cause confusing problems.