Public Company Advisory Committee Act of 2023

HR 4652, the Public Company Advisory Committee Act of 2023, establishes a new advisory committee within the Securities and Exchange Commission (SEC) to provide input on public company regulations. The committee, composed of 10-20 members including at least half from public company executives and senior officials (excluding those in asset management or advisory services), will advise the SEC on corporate governance, shareholder voting, market trading, and capital formation. The SEC must publicly respond to each committee recommendation but is not required to adopt them. Members serve four-year terms with staggered appointments, and the committee operates under streamlined procedures exempt from standard federal advisory committee rules.