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.