Business Owners Protection Act of 2025

This legislation aims to terminate specific unused authorities granted to the Securities and Exchange Commission (SEC) that were established under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The bill targets any such authority that provides the SEC with discretion to establish requirements for private entities.

An authority is terminated if the SEC had not issued a notice of proposed rulemaking or guidance document related to it before January 1, 2025. This includes authorities established through Dodd-Frank amendments to the Securities Exchange Act of 1934. Furthermore, the SEC is mandated to submit to Congress and publicly publish a comprehensive list of all authorities terminated under this Act within 180 days of its enactment.