Public Company Advisory Committee Act
Official: Public Company Advisory Committee Act of 2026
This bill establishes a Public Company Advisory Committee to help the Securities and Exchange Commission improve rules for public companies. It aims to ensure that the voices of industry professionals are heard in regulatory decisions.
Public Company Advisory Committee Act of 2026This bill establishes the Public Company Advisory Committee within the Securities and Exchange Commission (SEC). The committee must advise the SEC on regulatory priorities, public reporting and corporate governance of public companies, shareholder meetings and the proxy process, and other topics. The committee must be comprised of individuals who are officers, directors, or senior officials of public companies; have senior managerial responsibility in associations that represent the interests of public companies; or provide professional advice and services to public companies.
1. This bill creates a new committee within the Securities and Exchange Commission. 2. The committee will advise on rules and policies affecting public companies. 3. Members will include executives and advisers from public companies and related fields. 4. The committee will not advise on enforcement actions by the Securities and Exchange Commission. 5. Members will serve staggered terms of two or four years.
Executives and advisers from public companies and industry associations will be directly involved.