WATCH: @RepTimmons on how the Commission plans to reduce regulatory burdens: “After several years of rapid expansion of the SEC rule book, it is encouraging to hear you mention that some regulations have become bloated and, in certain cases, obstacles to capital formation. You've indicated that the Commission is now focused on reducing unnecessary compliance burdens while preserving strong investor protections. I agree with that goal, and want to begin by discussing how the commission is addressing recent rulemakings that impose significant costs with limited benefits. One example is the 2023 fund names rule amendments, which the SEC estimated would affect roughly 66% of funds and add substantial compliance and operational costs, ultimately borne by American savers.” 📺⬇️