HR 7732 · 117th Congress · Finance and Financial Sector

Strengthening the Office of the Investor Advocate Act

Introduced 2022-05-12· Sponsored by Rep. Lynch, Stephen F. [D-MA-8]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
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Senate
5
Enacted
Latest: Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 25 - 22.(2022-05-17)

Plain Language Summary

[AI summary unavailable — showing source text] Strengthening the Office of the Investor Advocate Act This bill revises provisions governing the Office of the Investor Advocate at the Securities and Exchange Commission (SEC). Specifically, the bill expands who may serve as the Investor Advocate, provides that the Investor Advocate may only be removed by the chair of the SEC and may not be removed for advocating policies contrary to the chair or any commissioner, allows the office to publish the results of investor research and testing without review from the SEC, and establishes a budget request process for the office separate from the SEC.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 7732, Strengthening the Office of the Investor Advocate Act

Nov 17, 2022

As ordered reported on May 17, 2022

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office