Repeals unused Securities and Exchange Commission authorities created by the Dodd-Frank Act, including limits on mandatory arbitration clauses, fiduciary duty rules, and a standard of conduct provision.

Official title: Business Owners Protection Act of 2025

Next stop House floor: awaiting a vote

Timeline each lane is a chamber; dates pull from congress.gov actions

House

Introduced 19-MAY-2025

Referred 19-MAY-2025

Approved by committee 16-SEP-2025

Reported 04-NOV-2025

On the calendar 04-NOV-2025

Key points

Repeals Section 15(o) of the Securities Exchange Act of 1934, which covers restrictions on mandatory predispute arbitration, and makes a conforming change to Section 921 of the Investor Protection and Securities Reform Act of 2010
Strikes provisions in Section 15 of the Securities Exchange Act and Section 211(h) of the Investment Advisers Act that direct the SEC to study or act on fiduciary duties, leaving the Commission authorized to facilitate such matters
Repeals the second subsection (k) of Section 15 of the Securities Exchange Act, which relates to a standard of conduct

AI-generated from the Reported in House text of 04-NOV-2025 · verify · report an error

Official CRS summary

No CRS summary yet. CRS writes one for most bills, often months after they move.

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Committee referrals (1)

Policy area

Finance and Financial Sector

Sponsor Andy Barr (R-KY) Cosponsors · 7

■ 7 R

7 Republicans

congress.gov page Reported in House (04-NOV-2025) Introduced in House (19-MAY-2025)