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.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 25 - 22.
Committee Consideration and Mark-up Session Held.
Introduced in House
Referred to the House Committee on Financial Services.
Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 25 - 22.
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.