Bill > HR3318

This bill, known as the "SEC Modernization Act," proposes significant organizational changes within the Securities and Exchange Commission (SEC), a federal agency responsible for enforcing securities laws and regulating the securities market. The bill mandates several key administrative restructuring efforts: first, it requires the Office of the Secretary, Office of the Ethics Counsel, and Office of International Affairs to be transferred into the Office of the General Counsel, with each office's head reporting directly to the General Counsel; second, it directs the Office of the Chief Accountant, Office of Credit Ratings, and Office of Municipal Securities to be moved into the Division of Corporate Finance, with their heads reporting directly to the Division's head; third, it calls for merging the Office of Legislative and Intergovernmental Affairs into the Office of Public Affairs, with the larger office's head becoming the leader and reporting to the Chief of Staff; and fourth, it transfers the Office of Investor Education and Advocacy into the Office of the Investor Advocate, with its head reporting directly to the Investor Advocate. The bill also includes a provision that preserves the SEC's ability to conduct future reorganizations if deemed necessary for public interest or investor protection, and allows for potential consolidation of the SEC's regional offices at the Commission's discretion.

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https://www.congress.gov/bill/119th-congress/house-bill/3318/all-info