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New Public Company Advisory Committee: Greater Influence on Stock Market Regulations

This act establishes a new advisory committee within the Securities and Exchange Commission (SEC) to advise on matters concerning public companies. The aim is to better align regulations with market needs and protect investors, which may indirectly affect investment stability and the transparency of information about companies citizens invest in.
Key points
Establishment of the Public Company Advisory Committee within the SEC, composed of company representatives, industry associations, and advisors.
The Committee will advise the SEC on regulations, reporting, corporate governance, and securities trading.
The goal is to protect investors, maintain fair markets, and facilitate capital formation, potentially leading to safer investments.
The SEC will publicly assess and disclose actions taken in response to the Committee's recommendations.
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Expired
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Additional Information
Print number: 118_HR_4652
Sponsor: Rep. Lucas, Frank D. [R-OK-3]
Process start date: 2023-07-14
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Public Company Advisory Committee Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4652.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-07-14.

What are the main provisions?

Key points include:

  • Establishment of the Public Company Advisory Committee within the SEC, composed of company representatives, industry associations, and advisors.
  • The Committee will advise the SEC on regulations, reporting, corporate governance, and securities trading.
  • The goal is to protect investors, maintain fair markets, and facilitate capital formation, potentially leading to safer investments.
  • The SEC will publicly assess and disclose actions taken in response to the Committee's recommendations.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Lucas, Frank D. [R-OK-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy