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HR 6967 · 119th Congress · Finance and Financial Sector

Public Company Advisory Committee Act of 2026

Introduced January 07, 2026 Latest action March 19, 2026 1 cosponsor

Sponsor

Latest action

Placed on the Union Calendar, Calendar No. 479.

Action timeline

Every recorded action on this bill, newest first. Stage badges color-code the legislative path.

Mar 19, 2026
committee Reported (Amended) by the Committee on Financial Services. H. Rept. 119-557.
Financial Services Committee
Mar 19, 2026
other Placed on the Union Calendar, Calendar No. 479.
Jan 22, 2026
committee Committee Consideration and Mark-up Session Held
Financial Services Committee
Jan 22, 2026
committee Ordered to be Reported (Amended) by the Yeas and Nays: 39 - 15.
Financial Services Committee
Jan 07, 2026
introduced Introduced in House

Text versions

Each stage of the bill — official text published by GPO. Click any format to read on congress.gov / govinfo.

Mar 19, 2026 Reported in House
XML
Jan 07, 2026 Introduced in House
XML

CRS summaries

Plain-English summaries written by the Congressional Research Service — neutral, nonpartisan staff who summarize bills as they advance through stages. The authoritative description of what each version of the bill does.

via Congressional Research Service · published through congress.gov

Changelog
ⓘ

How a bill moves through Congress. Each stage produces a new official text. The diff between them shows what changed at that step.

  1. ih / is — Introduced in House / Senate. First filed version.
  2. rfh / rfs — Referred to a committee for review.
  3. rh / rs — Reported back by the committee to the floor (often with amendments — this is where most language changes happen).
  4. pcs / pch — Placed on Calendar for floor consideration.
  5. eh / es — Engrossed. Passed by the originating chamber. Text is now what was actually voted on.
  6. rdh / rds — Received by the other chamber.
  7. eah / eas — Engrossed Amendment. The other chamber passed an amended version.
  8. ath / ats — Agreed to. Both chambers settled on the same text.
  9. enr — Enrolled. Final reconciled text, sent to the President.
  10. pl — Public Law. Signed by the President. It's now law.
  11. pp — Public Print. Official printing post-enactment.

Most bills die before eh/es. Going from pcs → enr is the full path through both chambers.

Line-level diff between text versions of this bill — what actually changed at each legislative stage.

→
+57 −34 56 unchanged
--- Introduced (House)
+++ Reported (House)
@@ -1,11 +1,14 @@
[From the U.S. Government Publishing Office]
-[H.R. 6967 Introduced in House (IH)]
+[H.R. 6967 Reported in House (RH)]
<DOC>
+Union Calendar No. 479
119th CONGRESS
2d Session
H. R. 6967
+
+[Report No. 119-557]
To amend the Securities Exchange Act of 1934 to establish within the
Securities and Exchange Commission the Public Company Advisory
@@ -19,6 +22,15 @@
Mr. Lucas (for himself and Ms. Pettersen) introduced the following
bill; which was referred to the Committee on Financial Services
+
+March 19, 2026
+
+Reported with an amendment, committed to the Committee of the Whole
+House on the State of the Union, and ordered to be printed
+[Strike out all after the enacting clause and insert the part printed
+in italic]
+[For text of introduced bill, see copy of bill as introduced on January
+7, 2026]
_______________________________________________________________________
@@ -48,11 +60,12 @@
Commission the Public Company Advisory Committee (referred to
in this section as the `Committee').
``(2) Purpose.--The Committee shall--
-``(A) provide the Commission with advice on its
-rules, regulations, and policies with regard to its
-mission of protecting investors, maintaining fair,
-orderly, and efficient markets, and facilitating
-capital formation, as they relate to--
+``(A) provide the Commission with advice on the
+rules, regulations, and policies of the Commission with
+regard to the Commission's mission of protecting
+investors, maintaining fair, orderly, and efficient
+markets, and facilitating capital formation, as they
+relate to--
``(i) existing and emerging regulatory
priorities of the Commission;
``(ii) issues relating to the public
@@ -77,7 +90,7 @@
the Commission from among individuals who--
``(A) are officers, directors, or senior officials
of public companies registered with the Commission
-under the Securities Act or 1933 and this Act, except
+under the Securities Act of 1933 and this Act, except
for those public companies that own asset management,
fixed income, investment advisory, broker-dealer, or
proxy services businesses;
@@ -93,13 +106,14 @@
membership shall be drawn from individuals who would qualify
for membership under paragraph (1)(A).
``(3) Term.--Each member of the Committee appointed under
-paragraph (1) shall serve for a term of four years. Vacancies
+paragraph (1) shall serve for a term of 4 years. Vacancies
among the members, whether caused by the resignation, death,
-removal, expiration of a term, or otherwise, will be filled
+removal, expiration of a term, or otherwise, shall be filled
consistent with the Commission's procedures then in effect.
``(4) Staggered terms.--The members of the Committee shall
serve staggered terms, with half of the initial members of the
-Committee each serving for 2 years and half serving 4 years.
+Committee each serving for 2 years and half serving for 4
+years.
``(5) Members not on other advisory committees.--Public
companies and other organizations that are currently
represented on any other Commission Advisory Committee are not
@@ -117,7 +131,7 @@
``(C) a Secretary; and
``(D) an Assistant Secretary.
``(2) Term.--Each member elected under paragraph (1) shall
-serve for a term of two years in the capacity the member was
+serve for a term of 2 years in the capacity the member was
elected under paragraph (1).
``(3) Subcommittees.--The Chair may create subcommittees
that hold public or non-public meetings and provide
@@ -130,25 +144,11 @@
Commission.
``(2) Notice.--The Chair of the Committee shall give the
members of the Committee written notice of each meeting, not
-later than two weeks before the date of the meeting.
-``(e) Compensation and Travel Expenses.--Each member of the
-Committee who is not a full-time employee of the United States shall--
-``(1) be entitled to receive compensation at a rate not to
-exceed the daily equivalent of the annual rate of basic pay in
-effect for a position at level V of the Executive Schedule
-under section 5316 of title 5, United States Code, for each day
-during which the members is engaged in the actual performance
-of the duties of the Committee; and
-``(2) while away from the home or regular place of business
-of the member in the performance of services for the Committee,
-be allowed travel expenses, including per diem in lieu of
-subsistence, in the same manner as persons employed
-intermittently in the Government service are allowed expenses
-under section 5703(b) of title 5, United States Code.
-``(f) Staff.--The Commission shall make available to the Committee
-such staff as the chairman of the Committee determines are necessary to
+later than 2 weeks before the date of the meeting.
+``(e) Staff.--The Commission shall make available to the Committee
+such staff as the Chair of the Committee determines are necessary to
carry out this section.
-``(g) Review by Commission.--The Commission shall--
+``(f) Review by Commission.--The Commission shall--
``(1) review the findings and recommendations of the
Committee; and
``(2) each time the Committee submits a finding or
@@ -159,10 +159,33 @@
``(B) disclosing the action, if any, the Commission
intends to take with respect to the finding or
recommendation.
-``(h) Committee Findings.--Nothing in this section shall require
+``(g) Committee Findings.--Nothing in this section shall require
the Commission to agree to or act upon any finding or recommendation of
the Committee.
-``(i) Nonapplicability of FACA.--Chapter 10 of part I of title 5,
-United States Code, shall not apply to the Committee and its
-activities.''.
-<all>
+``(h) Nonapplicability of FACA.--Chapter 10 of part I of title 5,
+United States Code, shall not apply to the Committee and the activities
+of the Committee.''.
+Union Calendar No. 479
+
+119th CONGRESS
+
+2d Session
+
+H. R. 6967
+
+[Report No. 119-557]
+
+_______________________________________________________________________
+
+A BILL
+
+To amend the Securities Exchange Act of 1934 to establish within the
+Securities and Exchange Commission the Public Company Advisory
+Committee, and for other purposes.
+
+_______________________________________________________________________
+
+March 19, 2026
+
+Reported with an amendment, committed to the Committee of the Whole
+House on the State of the Union, and ordered to be printed

Lobbying activity

Organizations whose LDA filings reference this bill, ranked by filing count. Position not disclosed — LDA does not require lobbyists to report support / oppose / monitor. Bill-number references can be stale (lobbyists sometimes copy text year-over-year), so verify against the filing description.

AMERICANS FOR FINANCIAL REFORM
FIN
1
filings · 2026 Q1
PUBLIC CITIZEN
FINGOV
1
filings · 2026 Q1

via Senate LDA · self-reported quarterly. Filing count = filings mentioning this bill (no position required), not money spent on it. Click a client to see all bills they've filed on.

Cosponsors (1)

Members who signed on to support this bill.

Pettersen D