SEC must study how new rules fit with existing rules.
H.R. 9434 — REG Act of 2026 · Filed by Young Kim (R-CA) · Introduced Jun 24, 2026 · Referred to committee
Your members of Congress
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What it does
The bill adds a new step before the SEC makes rules. The SEC must look at how a new rule works with old rules. The SEC must also think about rules still being written. The bill does not stop the SEC from making rules.
Who it affects
The SEC and other money regulators must do more work. Banks, investment firms, and stock investors may see delays. Investors may wait longer for rules that stop fraud.
One thing to notice
The bill does not say what counts as a related rule. This gives the SEC room to decide, but may cause court fights.
From the analysis of the bill text, linked under Primary records below.
Where it stands
- Jun 24, 2026 — Introduced · Congress.gov: “Introduced in House”
- Jun 24, 2026 — Referred to House Committee on Financial Services · Congress.gov: “Referred to the House Committee on Financial Services”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Money around this bill
1 groups reported lobbying about this bill. They filed 1 reports from Jun 2026 to Jun 2026.
Those reports show $280,000 in lobbying spending. Each report lists about 41 bills. So that money was not all for this bill.
More groups named this bill than 0% of bills with any report.
Young Kim, who sponsored the bill, received $1,630,312 from PACs for the 2026 election.
- Ameriprise Financial, Inc. — $280,000 in 1 report
Lobbying is legal. These reports show who lobbied about this bill, not what changed.
Words to know
- SEC — The Securities and Exchange Commission, the government agency that makes rules for stocks and investments.
- regulators — Government workers who make and enforce rules for banks and money.
- lobbying — Trying to influence lawmakers about a bill. Companies and groups pay people to do this.
- PACs — Groups that collect money and give it to candidates for office.
- sponsored — To sponsor a bill is to introduce it in Congress and put your name on it.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (1,312 characters) on Jul 2, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 14,707 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
Money — Senate Lobbying Disclosure Act filings whose specific-issue field names this bill for quarters ending Jun 2026 to Jun 2026. A filing's amount is reported whole beside the median number of bills a filing names; it is never divided across them. PAC receipts are FEC-reported contributions to the sponsor's candidate committee in the 2026 cycle.
As of — lobbying records through Jul 20, 2026 · page rendered 2026-09-23.
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