To amend the Securities Exchange Act of 1934 to expand and restructure the leadership of the Securities and Exchange Commission, and for other purposes.
SEC Stabilization Act of 2023
This bill expands the composition of the Securities and Exchange Commission from five commissioners to six, extends the term of the commissioners from five years to six, and creates an executive director position. If appointing two commissioners whose terms end on the same date, the President is prohibited from appointing individuals from the same political party.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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