Stop Wall Street Looting Act
Latest Action
Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, the Judiciary, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™The Stop Wall Street Looting Act (H.R. 9985) is a legislative proposal introduced in the 118th Congress aimed at addressing issues related to financial practices on Wall Street. Although the official summary and full text of the bill are not available, the bill was referred to multiple House committees with jurisdiction over financial services, judiciary matters, education, and workforce issues for further consideration. The bill falls under the policy area of Finance and Financial Sector and was ultimately classified as failed or expired as of the latest update.
H.R. 9985 sought to introduce reforms related to Wall Street financial practices but did not advance beyond committee referrals and expired without passage.
- The bill was referred to the House Committee on Ways and Means and additionally to the Committees on Financial Services, Judiciary, and Education and the Workforce for jurisdictional review.
- The bill is categorized under the Finance and Financial Sector policy area, indicating its focus on financial regulation or reform.
- The bill status is recorded as failed or expired, indicating it did not progress to a vote or enactment.
['Potentially, consumers and investors who may be affected by Wall Street financial practices.', "Regulatory agencies overseeing financial markets, depending on the bill's provisions.", 'Financial sector stakeholders subject to any new regulations or reforms proposed.']
['Lack of available full bill text and official summary limits understanding of specific provisions and their implications.', 'Unclear implementation mechanisms and enforcement details due to missing text.', 'Potential jurisdictional complexity given referral to multiple committees, which may affect legislative progress.']
The bill was introduced in the House during the 118th Congress and referred to multiple committees with relevant jurisdiction. The referral to several committees suggests a multifaceted approach to financial sector reform. The bill did not advance beyond committee consideration and expired, indicating it did not secure sufficient legislative support or priority for further action.
Hidden impact flags detected: 1
GovScope reviewed 1 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['If enacted, the bill could have influenced regulatory practices and oversight in the financial sector, potentially affecting market behavior and investor protections.', 'Legislative attention to Wall Street practices might have prompted related policy discussions or reforms in other financial regulatory areas.']
Due to the absence of the bill's full text and official summary, transparency is limited. This restricts the ability of the public and oversight bodies to evaluate the bill's specific provisions, potential costs, and enforcement mechanisms. The bill's referral to multiple committees indicates a complex jurisdictional process that may affect legislative transparency and accountability.
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