The SEC Reform and Restructuring Act aims to improve how the Securities and Exchange Commission (SEC) makes and reviews regulations. It requires the SEC to assess the costs and benefits of its rules and consider their cumulative effects. Additionally, the bill proposes...
Simple Explanation
The SEC Reform and Restructuring Act is a plan to make the SEC, which helps keep companies honest and safe in money matters, work better and be clearer. It wants to make sure new rules aren't too much trouble and are fair, and it also wants to check how the SEC handles technology and company checks.