HR4402-119

Introduced

To require the Securities and Exchange Commission to promulgate regulations relating to the disclosure of certain commercial data, and for other purposes.

119th Congress Introduced Jul 15, 2025

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To require the Securities and Exchange Commission to promulgate regulations relating to the disclosure of certain commercial data, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Housing, Government Operations.

Who Benefits and How

financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section HF8D3F75D4D3E451E923A4131A7BB7B98: 1. Short title This Act may be cited as the Designing Accounting Safeguards to Help Broaden Oversight And Regulations on Data Act of 2025 or the DASHBOARD Act...
  • Section HD192737D7E9D415BBA176C8337A936CD: 2. Definitions In this Act: The term Commission means the Securities and Exchange Commission. The term issuer has the meaning given the term in section 3(a) of...
  • Section H6B63FA42E5AD42E1AD82E78C629EC07C: 3. Commercial data operators A commercial data operator shall— on a routine basis, and not less frequently than once every 90 days— provide each user of the...
  • Section H973E203DF08E418C907A9ADE31E7E2E1: 4. SEC disclosures Section 13 of the Securities Exchange Act of 1934 (15 U.S.C. 78m) is amended by adding at the end the following: In this subsection: The...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, To require the Securities and Exchange Commission to promulgate regulations relating to the disclosure of certain commercial data, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Key Policy Areas

Finance, Housing, Government Operations

Primary Purpose

This bill, To require the Securities and Exchange Commission to promulgate regulations relating to the disclosure of certain commercial data, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Policy Domains

Finance Housing Government Operations

Whole bill

Identified Gains
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
financial institutions, investors, and borrowers:
Identified Costs
  • federal implementing agencies
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
federal implementing agencies:
financial institutions, investors, and borrowers:

Legislative Progress

Introduced
Introduced Committee Passed
Jul 15, 2025

Mr. Foster introduced the following bill; which was referred to …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Finance Housing Government Operations
Actor Mappings
"the_commission"
→ The commission identified in the operative section

Key Definitions

Terms defined in this bill

1 term
"commercial data operator" §H973E203DF08E418C907A9ADE31E7E2E1

an entity acting in its capacity as a consumer online services provider or data broker that— (i)generates a material amount of revenue directly from the use, collection, processing, sale, or sharing of the user data

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology