H.R. 6967 · Where this bill is now
Waiting for a House vote
Approved by committee Mar 19, 2026; no House vote yet
What this bill does
In plain words · AI-written from the official summaryCreates SEC advisory board for public companies
This bill sets up a new advisory committee within the Securities and Exchange Commission (SEC) made up of leaders from public companies and their industry groups. The committee would advise the SEC on what regulations to prioritize, how companies should report financial information and handle corporate governance, how shareholder meetings and voting processes should work, and other related topics.
How it affects you
If you own stock in public companies or work for one, this could indirectly affect you by shaping which SEC rules get attention and how companies operate. The committee gives public company insiders and their advisors a formal seat at the table when the SEC is making decisions about business regulation.
Read the official summary (Reported to House, Mar 19, 2026)
Public Company Advisory Committee Act of 2026
This bill establishes the Public Company Advisory Committee within the Securities and Exchange Commission (SEC).
The committee must advise the SEC on regulatory priorities, public reporting and corporate governance of public companies, shareholder meetings and the proxy process, and other topics. The committee must be comprised of individuals who are officers, directors, or senior officials of public companies; have senior managerial responsibility in associations that represent the interests of public companies; or provide professional advice and services to public companies.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
2nd SessionH. R. 6967
A BILL
Public Company Advisory Committee Act of 2026
Sponsor: Rep. Frank D. Lucas (R-OK-3) · Introduced Jan 7, 2026 · Finance and Financial Sector · 2 versions of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Mar 19, 2026: “Placed on the Union Calendar, Calendar No. 479.”