H. R. 8240 is a bill that directs the Government Accountability Office (GAO) to conduct an audit of the information technology systems used by the Securities and Exchange Commission (SEC). The audit will assess how the SEC spends on IT compared to other financial regulators...
Simple Explanation
The bill wants to check how the SEC's computer systems are working and if they are safe. It asks an important group to look for problems and suggest ways to make the SEC's computers better and safer.