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H.R. 3318

U.S. House•In House Committee

Summary

H.R. 3318, the SEC Modernization Act, was introduced in the House on May 9, 2025 by Rep. Troy Downing (R). It was referred to Financial Services, and last saw action on May 9, 2025: Referred to the House Committee on Financial Services.

Record

Text

H.R. 3318 has no co-sponsors and has not gone to a roll call.

hb3318/introduced-in-house.txt
119 HR 3318 IH: SEC Modernization Act
 U.S. House of Representatives
 2025-05-09
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 3318  IN THE HOUSE OF REPRESENTATIVES   May 9, 2025   Mr. Downing  introduced the following bill; which was referred to the  Committee on Financial Services    A BILL
To require the reorganization of certain offices within the Securities and Exchange Commission, and for other purposes.
1.
Short title
This Act may be cited as the   SEC Modernization Act  .
2.
Commission organization
(a)
Changes to the organization of the Commission
(1)
In general
The Securities and Exchange Commission shall—
(A)
transfer the Office of the Secretary, the Office of the Ethics Counsel, and the Office of International Affairs into the Office of the General Counsel, with the heads of each transferred office reporting directly to the General Counsel;
(B)
transfer the Office of the Chief Accountant, the Office of Credit Ratings, and the Office of Municipal Securities into the Division of Corporate Finance, with the heads of each transferred office reporting directly to the head of the Division of Corporate Finance;
(C)
merge the Office of Legislative and Intergovernmental Affairs into the Office of Public Affairs, with the head of the larger of the two merged offices (by number of employees) becoming the head of the merged office, and such head reporting directly to the Chief of Staff; and
(D)
transfer the Office of Investor Education and Advocacy into the Office of the Investor Advocate, with the head of the Office of Investor Education and Advocacy reporting directly to the Investor Advocate.
(2)
Preservation of Commission authority
Paragraph (1) shall not prohibit the Commission from reorganizing the offices described in such paragraph in the future, if the Commission determines such reorganization is necessary or appropriate in the public interest or for the protection of investors.
(b)
Regional office consolidation
The Securities and Exchange Commission shall, if the Commission determines it appropriate, consolidate the regional offices of the Commission.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-05-09
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

To require the reorganization of certain offices within the Securities and Exchange Commission, and for other purposes.

Sponsors

Rep. Troy Downing (R) sponsors H.R. 3318 alone.

Troy Downing

Rep. · R–MT-2 · Sponsor

Committees

H.R. 3318 went before 1 committee: Financial Services.

Financial Services
Financial Services
Referred To · May 9, 2025 · 559 Bills

Actions

H.R. 3318 has taken 2 actions since May 9, 2025.

ChamberAction
May 9, 2025
House
Introduced in House
May 9, 2025
House
Referred to the House Committee on Financial Services.Financial Services Committee

Votes

H.R. 3318 has not gone to a roll call.

Titles

H.R. 3318 goes by 3 titles, 1 of them short titles.

  • SEC Modernization Act — Display Title
  • SEC Modernization Act — Short Title(s) as Introduced
  • To require the reorganization of certain offices within the Securities and Exchange Commission, and for other purposes. — Official Title as Introduced

Lobbying

2 clients hired 2 firms and 5 registered lobbyists who named H.R. 3318 in 3 quarterly filings, 2025. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Transportation, Roads/Highway, Trucking/Shipping, Agriculture, Budget/Appropriations, Environment/Superfund, Food Industry (safety, labeling, etc.), Health Issues.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
COALITION AGAINST BIGGER TRUCKS—Virginia12—
INTERNATIONAL FRESH PRODUCE ASSOCIATION (FKA UNITED FRESH PRODUCE ASSOCIATION)fresh produceDistrict of Columbia11—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
COALITION AGAINST BIGGER TRUCKS12—
INTERNATIONAL FRESH PRODUCE ASSOCIATION (FKA UNITED FRESH PRODUCE ASSOCIATION)11—

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
EMILY DELUCA112
JOHN HOLLAY111
MOLLIE VAN LIEU111
REBECKAH ADCOCK111
SARA NEAGU-REED111

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
INTERNATIONAL FRESH PRODUCE ASSOCIATION (FKA UNITED FRESH PRODUCE ASSOCIATION)INTERNATIONAL FRESH PRODUCE ASSOCIATION (FKA UNITED FRESH PRODUCE ASSOCIATION)2025 first_quarter$299K1st Quarter - Report
COALITION AGAINST BIGGER TRUCKSCOALITION AGAINST BIGGER TRUCKS2025 first_quarter$60K1st Quarter - Report
COALITION AGAINST BIGGER TRUCKSCOALITION AGAINST BIGGER TRUCKS2025 second_quarter—Registration - Amendm…

Classification

The Congressional Research Service files H.R. 3318 under Finance and Financial Sector, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 3318’s is Finance and Financial Sector.

hr3318/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com