Latest action: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Referred to one or more standing committees for review, hearings, and possible markup.
Specific committees not parsed from action data.
The committee may hold hearings, amend the bill, or let it die without action.
Next: Reported
Full chamber floor — Speaker / Majority Leader controls scheduling
Removes the SEC's authority to make real estate leasing decisions.
The problem
The SEC may have taken on real estate leasing responsibilities beyond its core financial regulation duties, raising questions about agency scope and authority.
The proposal
This bill revokes any real estate leasing authority the SEC currently has, limiting the agency to financial market oversight.
The impact
The SEC loses ability to manage real estate leases. Real estate decisions may shift to other agencies or become unclear.
Defines the SEC's role more narrowly around financial markets. Removes confusion about whether a financial regulator should handle real estate. Helps agencies stay focused on their main jobs.
Limits one agency's power and responsibilities. Supporters believe government agencies should do fewer things and do them well. This aligns with principles of limited government.
May reduce SEC spending on real estate matters. Could free up agency resources for core financial market work. May lower overhead if leasing duties are eliminated or transferred.
The bill doesn't say which agency takes over real estate leasing if needed. Could create confusion or gaps in real estate management. Existing lease obligations might become unclear.
The SEC may use real estate leases for office operations. Revoking this authority could disrupt the agency's ability to function. Could delay or complicate the SEC's facilities management.
The SEC's real estate leasing role may be very small. This bill might solve a problem that doesn't significantly exist. Could be unnecessary legislative action.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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