US Codex
Bill
Notes

SEC Transparency Act of 2024

H.R. 8241 · 118th Congress · May 2, 2024 · Lineage

A BILL

To amend the Securities Exchange Act of 1934 to require the Chairman of the Securities and Exchange Commission to semiannually testify before Congress with regard to the activities of the Commission.

Section 1 Short title

This Act may be cited as the “SEC Transparency Act of 2024”.

Sec. 2 Semiannual testimony to Congress regarding activities of the Securities and Exchange Commission

Section 4 of the Securities Exchange Act of 1934 (15 U.S.C. 78d) is amended by adding at the end the following:

“(l) Semiannual testimony to Congress—The Chairman of the Commission shall, not less than once every 6 months after the date of the enactment of this subsection, testify before the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate on the activities of the Commission. At least once annually, the Commissioners shall join the Chairman with respect to testifying pursuant to the preceding sentence.”