Bill would create SEC advisory panel for public company rules
Placed on the calendarH.R. 6967Latest action
Sponsor: Frank D. Lucas · Representative · OK
AIDecoded by AI · checked against the recordRead the official text
Official title: Public Company Advisory Committee Act of 2026
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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HR 6967 sets up an SEC advisory committee of executives and advisers to weigh in on public company rules, without binding the agency.
40-second read · 4 questions answered below
What does this do?
HR 6967 creates a Public Company Advisory Committee within the SEC to advise on rules affecting public companies, including corporate governance, shareholder voting, stock trading, and capital raising. It would not address SEC enforcement actions. The committee would have 10 to 20 SEC-appointed members serving four-year terms and meeting at least twice yearly.
Who does it affect?
The bill mainly affects large public companies, their executives, and advisers like lawyers and accountants, who would gain a formal advisory channel. The SEC must review and publicly respond to recommendations, and everyday investors are affected indirectly through resulting policy changes.
Why does it matter?
The SEC would not be required to follow the committee's advice, and the panel is exempted from the federal transparency law that normally governs such advisory groups.
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Where does it stand?
- IntroducedJan 7, 2026
- House committee
- House voteYou are here · Mar 19, 2026
- Senate
- The president's desk
Right now: it was placed on the , and the official record shows no floor action on it since. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Placed on the Union Calendar, Calendar No. 479.