Public Company Advisory Committee Act of 2026
SEC Public Company Advisory Committee: Creation and Rules
Legislative Progress
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.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
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.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-557.
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.
Committee Consideration and Mark-up Session Held
Referred to the House Committee on Financial Services.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Public Company Advisory Committee Act of 2026
Data Sources
Sponsor
Cosponsors
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