Bill intelligence
H.R. 9329, the SEC Reform and Restructuring Act, advanced out of committee on June 30, 2026.
H.R. 9329 — SEC Reform and Restructuring Act
Transparency & Ethics
What it does
This bill restructures the SEC by requiring cost-benefit analysis before issuing regulations, mandating semiannual congressional testimony, ordering a GAO audit of SEC IT systems, consolidating the independent Public Company Accounting Oversight Board (PCAOB) into the SEC itself, and establishing new procedural requirements for rulemaking including minimum comment periods and post-adoption impact assessments.
Quorum's transparency scan gave SEC Reform and Restructuring Act a high transparency warning.
What happens next
H.R. 9329 advanced out of committee. Next stop: a floor vote.
Who is behind it
Filed by Ann Wagner. Cosponsored by Bill Huizenga, Pete Sessions, Troy Downing and Young Kim.
Correlative observation from public records — not evidence of coordination or wrongdoing, and not financial advice.
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SOURCE: CONGRESS.GOV BILL TEXT · QUORUM BILL TRANSPARENCY ANALYSIS