Congress·Reported·H.R. 6967

Public Company Advisory Committee Act of 2026

SEC Public Company Advisory Committee: Creation and Rules

Jan 7·View on Congress.gov·Read full text

This bill is one vehicle in a longer effort. See the full story across every version.View effort →

Next up: The House

The House Committee on Financial Services approved this bill on March 18, 2026, and it is now waiting for a vote by the full House of Representatives. No new actions have occurred since March 2026. Because the House leadership decides which bills get a vote, it is unclear when or if this bill will move forward.

Legislative Progress

House

Senate

President

Law

How we got here

This bill’s path across every version that has carried it.

Reintroduced
Reintroduced from H.R. 4652 (118th), which died when its Congress ended.
H.R. 4652 (118th) →

Key Points

Creates a new Public Company Advisory Committee inside the SEC to advise on rules for public companies and stock markets.
The committee can weigh in on reporting, corporate governance, shareholder meeting voting, stock trading issues, and raising money.
It is barred from advising on SEC enforcement decisions, meaning it can’t weigh in on investigations or penalties.
The SEC would appoint 10 to 20 members, and at least half must be leaders from public companies (with some finance-related companies excluded).
When the committee makes recommendations, the SEC must publicly respond and say what it plans to do, if anything.

EconomyConsumer Protection

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

3 milestones6 actions

Mar 19, 2026House

Placed on the Union Calendar, Calendar No. 479.

The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.

Mar 19, 2026House

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-557.

Jan 22, 2026House

Ordered to be Reported (Amended) by the Yeas and Nays: 39 - 15.

The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.

Jan 22, 2026House

Committee Consideration and Mark-up Session Held

Jan 7, 2026House

Referred to the House Committee on Financial Services.

No votes or news coverage recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

Public Company Advisory Committee Act of 2026

Bill NumberHR 6967

Congress119th Congress

ChamberHouse of Representatives

Latest ActionPlaced on the Union Calendar, Calendar No. 479.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(1)

D: 1

Analysis generated by AI. Always verify with official sources.