H.R. 7732 · 117th Congress
Strengthening the Office of the Investor Advocate Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
LynchSponsorNo cosponsors.
This bill revises provisions governing the Office of the Investor Advocate at the Securities and Exchange Commission (SEC). Specifically, the bill
What it does: CRS summary · Introduced in House · May 12, 2022
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Strengthening the Office of the Investor Advocate Act
Latest action (May 17, 2022): Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 25 - 22.
Policy area: Finance and Financial Sector · Origin: House · Introduced: May 12, 2022
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.