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Republicans and industry highlight litigation over SEC rulemaking; courts reined in some Dodd‑Frank based efforts
5392401 · July 15, 2025
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Summary
Members and witnesses discussed several SEC rulemakings and litigation outcomes — including the Fifth Circuit’s decision on the private funds rule and debates over section 913 authority — as examples of regulatory overreach or ambiguity that have created legal uncertainty for markets.
Lawmakers and industry witnesses used the committee hearing to highlight litigation that has narrowed or blocked SEC rulemakings rooted in Dodd‑Frank authorities, urging clearer statutory direction from Congress.
Witnesses and members discussed the Fifth Circuit’s unanimous decision…
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