Public Company Advisory Committee Act of 2026
Summary
H.R. 6967 would establish a new Public Company Advisory Committee within the Securities and Exchange Commission (SEC). The committee would be composed of 10 to 20 members, with at least half drawn from officers, directors, and senior officials of publicly traded companies. Other members would include executives from business associations representing public companies and professional advisers such as attorneys, accountants, and investment bankers.
The committee would provide the SEC with advice on its rules, regulations, and policies related to protecting investors, maintaining fair and efficient markets, and facilitating capital formation. Specifically, it would advise on regulatory priorities, public company reporting and governance, shareholder proxy processes, and securities trading issues. The committee would not advise on SEC enforcement matters. Members would serve staggered terms and could not simultaneously serve on other SEC advisory committees.
If enacted, this bill would give public companies a formal voice in SEC regulatory discussions. Supporters argue that public companies currently lack an advisory committee while other SEC registrants have one. The bill has passed the House Financial Services Committee and is eligible for a floor vote in the House.
