This legislation, known as the Business Owners Protection Act of 2025 , aims to terminate certain unused authorities of the Securities and Exchange Commission (SEC) that were established under the Dodd-Frank Wall Street Reform and Consumer Protection Act . Specifically, it targets authorities that grant the SEC discretion to establish requirements for private entities. An authority is terminated if the SEC had not issued a notice of proposed rulemaking or a guidance document for it before January 1, 2025 , with the termination taking effect upon the bill's enactment. This action effectively removes the Commission's power to implement new regulations under these specific, dormant provisions. The bill also mandates that the SEC must, within 180 days of enactment, submit to Congress and publicly publish a comprehensive list of all authorities terminated under these provisions, ensuring transparency.