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HR 7732 117th Congress House Finance and Financial Sector Budget process Congressional oversight Executive agency funding and structure Federal officials Securities and Exchange Commission (SEC)

Strengthening the Office of the Investor Advocate Act

Introduced: May 12, 2022 Introduced by: Lynch, Stephen F. Democratic · Massachusetts See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 17, 2022
Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 25 - 22.
May 17, 2022
Committee Consideration and Mark-up Session Held.
May 12, 2022
Referred to the House Committee on Financial Services.
May 12, 2022
Introduced in House
 Plain-English summary Congressional Research Service

Strengthening the Office of the Investor Advocate Act

This bill revises provisions governing the Office of the Investor Advocate at the Securities and Exchange Commission (SEC). Specifically, the bill

  • expands who may serve as the Investor Advocate,
  • provides that the Investor Advocate may only be removed by the chair of the SEC and may not be removed for advocating policies contrary to the chair or any commissioner,
  • allows the office to publish the results of investor research and testing without review from the SEC, and
  • establishes a budget request process for the office separate from the SEC.
What's happening now May 17, 2022

Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 25 - 22.

 Committees of jurisdiction 1