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US HJR53
Joint Resolution
Status
2/12/2025
Primary Sponsor
Andrew Clyde
Click for details
AI Summary
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Congressional disapproval resolution under the Congressional Review Act to nullify an SEC rule published in the Federal Register on September 11, 2024 (89 Fed. Reg. 73764)
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Targets SEC regulations on Form N-PORT and Form N-CEN reporting requirements for investment funds
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Addresses SEC guidance on liquidity risk management programs for open-end funds (such as mutual funds)
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If enacted, the SEC rule would have no force or effect and the agency would be prohibited from issuing substantially similar rules without subsequent congressional authorization
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Introduced by Rep. Clyde on February 12, 2025, and referred to the House Committee on Financial Services
Legislative Description
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Form N-PORT and Form N-CEN Reporting; Guidance on Open-End Fund Liquidity Risk Management Programs".
Finance and financial sector
Last Action
Referred to the House Committee on Financial Services.
2/12/2025