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HR 2622 111th Congress House

Compliance, Examinations, and Inspections Restructuring Act of 2009

Official title: To amend the Securities Exchange Act of 1934 to establish rules and procedures for the delegation of compliance and inspections authority to the operating divi… Show full official titleShow less

Official title: To amend the Securities Exchange Act of 1934 to establish rules and procedures for the delegation of compliance and inspections authority to the operating divisions of the Securities and Exchange Commission, and for other purposes.

Introduced: May 21, 2009 See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresAdministrative remediesBanking and financial institutions regulationCivil actions and liability
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Executive agency funding and structureFinancial services and investmentsGovernment studies and investigationsSecuritiesSecurities and Exchange Commission (SEC)
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 21, 2009
Introduced in House
May 21, 2009
Referred to the House Committee on Financial Services.
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 Latest action May 21, 2009

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Compliance, Examinations, and Inspections Restructuring Act of 2009 - Amends the Securities Exchange Act of 1934 to vest the inspections and examinations authority of the Securities and Exchange Commission (SEC) in those administrative divisions or offices to which the SEC has delegated its administrative responsibilities.

Requires the subject of an SEC inquiry or inspection to be notified in writing at least every 120 days regarding the status of an ongoing proceeding.

Requires an SEC administrative division or office to obtain permission to conduct a sweep examination in the same manner and subject to the same procedures as SEC enforcement divisions or offices must follow in conducting a formal investigation or inquiry of registered entities.

Instructs the Chairman of the SEC to appoint an Ombudsman with respect to any problems resulting from SEC regulatory activities.

Expresses the sense of Congress that the SEC should develop and publish guidelines setting forth explicitly the benefit to either an issuer of securities or a registered entity if it self-reports an apparent violation of law, and subsequently becomes the respondent in an SEC civil injunctive action or administrative proceeding regarding the matter that was self-reported.


 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 2622: Compliance, Examinations, and Inspections Restructuring Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-HR-2622/
MLA
"H.R. 2622: Compliance, Examinations, and Inspections Restructuring Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-2622/.
Bluebook (legal)
H.R. 2622, 111th Cong. (2026), https://openamerica.io/bill/111-HR-2622/.
Markdown link
[H.R. 2622: Compliance, Examinations, and Inspections Restructuring Act of 2009](https://openamerica.io/bill/111-HR-2622/)
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