GAO finds controversial SEC guidance is subject to congressional oversight

by Aurelia Butler 31 October 2023, 22:00 199 Views

The GAO was acting on a letter sent by Lummis to the U.S. Comptroller General in August 2022. It considered whether the bulletin was a rule subject to the Congressional Review Act (CRA). Under the CRA, a report on an agency rule must be submitted to the comptroller general and both chambers of Congress, with a procedure for Congress to disapprove the rule. Using the definition of a rule found in the Administrative Procedures Act (APA), the GAO found the SEC bulletin to be subject to the CRA. The GAO said:

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GAO finds controversial SEC guidance is subject to congressional oversight

Here’s everything to expect from the Fed’s policy announcement Wednesday

Billion-dollar airport whets Cambodia’s appetite for Chinese investment

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