Legis Daily

Strengthening the Office of the Investor Advocate Act

USA117th CongressHR-7732| House 
| Updated: 5/17/2022
Stephen F. Lynch

Stephen F. Lynch

Democratic Representative

Massachusetts

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 12, 2022
Introduced in House
May 12, 2022
Referred to the House Committee on Financial Services.
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
    Introduced in House


  • May 12, 2022
    Referred to the House Committee on Financial Services.


  • 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.

Finance and Financial Sector

Budget processCongressional oversightExecutive agency funding and structureFederal officialsSecurities and Exchange Commission (SEC)

Strengthening the Office of the Investor Advocate Act

USA117th CongressHR-7732| House 
| Updated: 5/17/2022
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 12, 2022
Introduced in House
May 12, 2022
Referred to the House Committee on Financial Services.
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
    Introduced in House


  • May 12, 2022
    Referred to the House Committee on Financial Services.


  • 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.
Stephen F. Lynch

Stephen F. Lynch

Democratic Representative

Massachusetts

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Budget processCongressional oversightExecutive agency funding and structureFederal officialsSecurities and Exchange Commission (SEC)