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To amend the Securities Exchange Act of 1934 to transfer authorities and duties of registered national securities associations to the Securities and Exchange Commission.

H.R. 2689 Rep. Lisa McClain (R-MI-9) In committee
Bill text PDF
  1. Introduced Apr 7
  2. Committee Apr 7
  3. Passed House Next
  4. Passed Senate Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Apr 7, 2025Next: House vote
569d ago Apr 7, 2025: Referred to the House Committee on Financial Services.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
1company, 3 filings
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Summary

This bill amends the Securities Exchange Act of 1934 to transfer all authorities and duties of registered national securities associations to the Securities and Exchange Commission (SEC). Section 1, Transfer of authorities and duties: It adds a new section 15H to the Securities Exchange Act of 1934, which states that all authorities and duties provided to a national securities association under securities laws are transferred to the SEC on the effective date. Any reference in U.S. law or records to a national securities association will be considered a reference to the SEC. The SEC must issue rules to implement this section before the effective date. The amendments take effect 2 years after the bill is enacted.

Summary of the bill text as introduced in House (Apr 7, 2025), generated by SecBot from the official bill text; the Library of Congress summary is not yet published.

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 28, 2026.