H.R. 2689 — To amend the Securities Exchange Act of 1934 to transfer authorities and duties of registered national securities associations to the Securities and Exchange Commission.

H.R. 2689 — To amend the Securities Exchange Act of 1934 to transfer authorities and duties of registered national securities associations to the Securities and Exchange Commission. | JustPolicyThe main purpose of this legislation is to streamline the regulation of national securities associations by transferring their responsibilities to the Securities and Exchange Commission (SEC). This change aims to enhance oversight and improve the efficiency of securities regulation in the United States. Key provisions of the legislation include the complete transfer of all authorities and duties from registered national securities associations to the SEC. This means that any rules, regulations, or references to these associations in existing laws will now refer to the SEC instead.