- The SEC, apparently, has not been reauthorized since 2015.
- The matter was pointed out by the financial services GOP.
- The reauthorization is necessary to ensure the smooth and efficient functioning of the agency.
Republicans on the U.S. House Committee on Financial Services, known as the Financial Services GOP, pointed out that the Securities and Exchange Commission has not been reauthorized since 2015. According to Fox Journalist Eleanor Terrett, the SEC will also be scrutinized as a result of this.
The @SECGov is set to face more scrutiny from Congress this year as the @FinancialCmte points out the agency has not been “reauthorized” since 2015. Reauthorization is the process by which Congress reviews and makes changes to a government agency or program in order to make sure— Eleanor Terrett (@EleanorTerrett) February 2, 2023
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