Public Company Advisory Committee Act of 2026

HR 6967, the Public Company Advisory Committee Act of 2026, establishes a new advisory committee within the Securities and Exchange Commission (SEC) to provide input on regulatory matters affecting public companies. The committee, composed of 10-20 members including public company executives, industry association leaders, and professional advisers (like lawyers and accountants), will advise the SEC on corporate governance, shareholder meetings, capital formation, and market rules - excluding enforcement actions. The SEC must publicly respond to each committee recommendation but is not required to adopt any suggestions. The committee operates without federal advisory committee regulations and cannot overlap with existing SEC advisory groups.