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house Bill H.R. 1815

Should the SEC Conduct Investor Testing Before Issuing Rules & Regulations About Disclosures?

Argument in favor

Before it makes rules governing disclosures to retail investors, the SEC should ensure that the rules work. This is only possible with thorough investor testing.

Ayush's Opinion
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10/17/2019
Yes - common sense, people! Before we make rules, we need to make sure the rules work!
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Hillary's Opinion
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10/17/2019
I'm sick of big business screwing over everyone they consider too small, too unimportant, to count.
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Wbbelvin's Opinion
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10/17/2019
The SEC has long been a weak and toothless agency. It needs to be empowered to actually protect American business and consumers from corporate greed and monopolies! Give the SEC the power it needs to do its job!
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Argument opposed

The SEC already tests proposed rules regarding retail investor disclosures before implementing them. This bill would block already-tested SEC proposals on retail investor disclosures.

Bill's Opinion
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10/17/2019
“As the SEC deems appropriate”? This is code for abuse opportunity.
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Bruce's Opinion
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10/13/2019
Delaying tactic! Besides we should have strict fiduciary requirements not just nibbling around the edges!
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Scott's Opinion
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10/17/2019
Keep the fedseral govenrment out of daily business. They add red tape and ruin everything they can. Especially if the Democrats are in control of Congress which they wont be anymore in 2020
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
      senate Committees
      Committee on Banking, Housing, and Urban Affairs
  • The house Passed October 17th, 2019
    Roll Call Vote 229 Yea / 186 Nay
      house Committees
      Committee on Financial Services
    IntroducedMarch 18th, 2019

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    Yes - common sense, people! Before we make rules, we need to make sure the rules work!
    Like (18)
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    “As the SEC deems appropriate”? This is code for abuse opportunity.
    Like (12)
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    I'm sick of big business screwing over everyone they consider too small, too unimportant, to count.
    Like (13)
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    Delaying tactic! Besides we should have strict fiduciary requirements not just nibbling around the edges!
    Like (10)
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    The SEC has long been a weak and toothless agency. It needs to be empowered to actually protect American business and consumers from corporate greed and monopolies! Give the SEC the power it needs to do its job!
    Like (10)
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    Many disclosure reports are simply ignored by investors due to their complexity. This needs to be remedied; however, I strongly recommend a limited pilot approach to evaluate the process by very selective application in order to have a broader bill benefit from realtime experience. Try it out - get it right - then apply it.
    Like (5)
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    Keep the fedseral govenrment out of daily business. They add red tape and ruin everything they can. Especially if the Democrats are in control of Congress which they wont be anymore in 2020
    Like (5)
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    This is dangerous for business, to the individual investors, and people involved. If the SEC uncovers something irregular or criminal in a deal, they should turn it over to a branch of the intelligence community. They have the ability to fully investigate. It seems that some in government and business, are afraid of the intelligence community getting involved in their activities. I wonder why, and why the intelligence community is so underutilized?
    Like (4)
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    The SEC needs to be eliminated! We don’t need a nanny telling us how or where to invest!
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    Frankly I do not understand what is meant my “investor testing”. Please clarify then ready the question.
    Like (4)
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    Before we purchase any thing don't we all want to know it works?
    Like (3)
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    That's beyond my knowledge. Logically, it seems a good idea to know something about whatever you're regulating. But this is the government.
    Like (3)
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    Yes I support this bill. Or you know, we could always go with “No” and have another housing market crash. I’m financially set up to win that market - are YOU?? Think about it before you answer this question.
    Like (2)
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    Smaller government not bigger government that’s trying to duplicate and micromanage processes!!!!
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    There are plenty of regulations in place.
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    It just makes sense, to test products to make sure they are safe and do what they say.
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    Nooooooooooo absolutely not..Sec already does this..
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    We have too much government if we need another bill to muck up this simple concept.
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    Abso fucking lutely
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    Less government not more
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