arrow_back Back to App

SEC Transparency: Chairman Must Testify Semiannually Before Congress.

This law increases Congressional oversight of the Securities and Exchange Commission (SEC), the agency protecting your investments and savings. The SEC Chairman will be required to testify before Congress at least twice a year, reporting on the Commission's activities. This aims to enhance accountability and transparency in financial market regulation, indirectly affecting the security of personal finances.
Key points
The SEC Chairman must testify before Congress at least once every 6 months regarding all Commission activities.
All SEC Commissioners must join the Chairman for testimony at least once annually.
The change aims to increase scrutiny of the agency regulating financial markets, potentially improving investor protection.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_8241
Sponsor: Rep. Wagner, Ann [R-MO-2]
Process start date: 2024-05-02
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

SEC Transparency Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8241.

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 2024-05-02.

What are the main provisions?

Key points include:

  • The SEC Chairman must testify before Congress at least once every 6 months regarding all Commission activities.
  • All SEC Commissioners must join the Chairman for testimony at least once annually.
  • The change aims to increase scrutiny of the agency regulating financial markets, potentially improving investor protection.
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. Wagner, Ann [R-MO-2].

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