Establishes a Public Company Advisory Committee within the Securities and Exchange Commission to advise the agency on rules affecting public companies, investors, and capital formation.

• Requires the committee to have 10 to 20 members appointed by the Commission, drawn from public company officers, business associations, and professional advisers to public companies.
• Requires at least half of the members to be officers, directors, or senior officials of public companies, excluding companies that own asset management, fixed income, investment advisory, broker-dealer, or proxy services businesses.
• Sets four-year member terms, has the committee elect a chair, vice chair, secretary, and assistant secretary to two-year terms, and requires at least two meetings a year.
• Requires the Commission to publicly assess each committee recommendation and state what action it intends to take, while providing no advice on enforcement and exempting the committee from the Federal Advisory Committee Act.

• Financial Services Committee (House)

Finance and Financial Sector