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<dc:title>119 HR 9434 IH: Reviewing the Expansion of Government Act of 2026</dc:title>
<dc:publisher>U.S. House of Representatives</dc:publisher>
<dc:date>2026-06-24</dc:date>
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<dc:language>EN</dc:language>
<dc:rights>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.</dc:rights>
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<distribution-code display="yes">I</distribution-code><congress display="yes">119th CONGRESS</congress><session display="yes">2d Session</session><legis-num display="yes">H. R. 9434</legis-num><current-chamber>IN THE HOUSE OF REPRESENTATIVES</current-chamber><action display="yes"><action-date date="20260624">June 24, 2026</action-date><action-desc><sponsor name-id="K000397">Mrs. Kim</sponsor> introduced the following bill; which was referred to the <committee-name committee-id="HBA00">Committee on Financial Services</committee-name></action-desc></action><legis-type>A BILL</legis-type><official-title display="yes">To amend the Federal securities laws to require rulemakings to consider the cumulative effects of the rule with certain other final and proposed rules.</official-title></form><legis-body id="H1DFC4626EA234D73B7AA466E4ED7A395" style="OLC"> 
<section id="H3B7C4A653E7D488CAF28BB71BF22F842" section-type="section-one"><enum>1.</enum><header>Short title</header>
 <text display-inline="no-display-inline">This Act may be cited as the <quote><short-title>Reviewing the Expansion of Government Act of 2026</short-title></quote> or the <quote><short-title>REG Act of 2026</short-title></quote>.</text></section>
<section id="HAAB416672F774C549F1383FEFA070A59"><enum>2.</enum><header>Rulemaking considerations</header>
<subsection id="HB1C5079C4F0B49279FE912CF88123662"><enum>(a)</enum><header>Rules under the Securities Act of 1933</header><text display-inline="yes-display-inline">Section 2(b) of the Securities Act of 1933 (<external-xref legal-doc="usc" parsable-cite="usc/15/77b">15 U.S.C. 77b(b)</external-xref>) is amended by inserting <quote>, when considered individually or cumulatively with other related rules or regulations or other related and recent proposed rules or regulations,</quote> before <quote>will promote</quote>.</text></subsection> <subsection id="HCD019830691145FFA55CC63701F72C7C"><enum>(b)</enum><header>Rules under the Securities Exchange Act of 1934</header><text display-inline="yes-display-inline">Section 23(a)(2) of the Securities Exchange Act of 1934 (<external-xref legal-doc="usc" parsable-cite="usc/15/78w">15 U.S.C. 78w(a)(2)</external-xref>) is amended by inserting <quote>, when considered individually or cumulatively with other related rules or regulations or other related and recent proposed rules or regulations,</quote> after <quote>which would</quote>.</text></subsection>
<subsection id="H50EA7AE4B7B64975A9E27A9A493ABA95"><enum>(c)</enum><header>Rules under the Investment Company Act of 1940</header><text display-inline="yes-display-inline">Section 2(c) of the Investment Company Act of 1940 (<external-xref legal-doc="usc" parsable-cite="usc/15/80a-2">15 U.S.C. 80a–2(c)</external-xref>) is amended by inserting <quote>, when considered individually or cumulatively with other related rules or regulations or other related and recent proposed rules or regulations,</quote> before <quote>will promote</quote>.</text></subsection> <subsection id="H1A023B3AB68844C9A1E27163DF7236DE"><enum>(d)</enum><header>Rules under the Investment Advisers Act of 1940</header><text display-inline="yes-display-inline">Section 202(c) of the Investment Advisers Act of 1940 (<external-xref legal-doc="usc" parsable-cite="usc/15/80b-2">15 U.S.C. 80b–2(c)</external-xref>) is amended by inserting <quote>, when considered individually or cumulatively with other related rules or regulations or other related and recent proposed rules or regulations,</quote> before <quote>will promote</quote>.</text></subsection></section> 
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