Public Company Advisory Committee Act of 2026
To amend the Securities Exchange Act of 1934 to establish within the Securities and Exchange Commission the Public Company Advisory Committee, and for other purposes.
This bill, HB6967, proposes to create a new Public Company Advisory Committee within the Securities and Exchange Commission (SEC). The committee aims to provide expert advice on public companies and their governance, helping the SEC to better regulate the securities markets. This could potentially impact all public companies by ensuring they adhere to more informed and comprehensive regulations.
The bill was introduced by Representative Frank Lucas (Republican) and co-sponsored by Representative Brittany Pettersen (Democrat). Since its introduction on January 7, 2026, the bill has been referred to the House Committee on Financial Services. On January 22, 2026, the committee held a session and ordered the bill to be reported with amendments. The most recent action was on March 19, 2026, when the bill was reported (amended) by the Committee on Financial Services and placed on the Union Calendar.
The committee's work is expected to lead to more robust oversight and clearer guidelines for public companies, potentially affecting how these entities are governed and managed. The bill is currently in the early stages of the legislative process, having been reported by the committee with amendments.
