# 119-hr-6967: Public Company Advisory Committee Act of 2026

119-hr-6967, Public Company Advisory Committee Act of 2026, is a 119th Congress bill sponsored by Rep. Lucas, Frank D. [R-OK-3] (R-OK); status in_committee; PRIA reads it as touching household money (as of 2026-08-22).

- Canonical: https://policyrisk.com/legislation/119-hr-6967
- As of: 2026-08-22
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-6967
- Congress: 119
- Title: Public Company Advisory Committee Act of 2026
- Status: in_committee
- Introduced: 2026-01-07
- Sponsor: Rep. Lucas, Frank D. [R-OK-3] (R-OK)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-08-22

## Summary

**Public Company Advisory Committee** would create a standing advisory panel inside the Securities and Exchange Commission to advise on company reporting, corporate governance, the proxy process, trading, and capital formation. It would not advise on enforcement matters and must submit findings and recommendations to the Commission.

## Cosponsors (1)

- Rep. Pettersen, Brittany [D-CO-7] (D-CO), 2026-01-07T00:00:00.000Z

## Provisions PRIA read

- New SEC public-company advisory committee: benefit, medium. This bill would create a Public Company Advisory Committee inside the SEC. The committee would advise the SEC on investor protection, public reporting and corporate governance, the proxy process, trading in public-company securities, and capital formation. The committee would send findings and reco…
- Committee membership and SEC response rules: benefit, low. This bill would set detailed rules for who serves on the committee and how it operates. The committee would have 10 to 20 members, at least half must be officers, directors, or senior officials of SEC-registered public companies, and members would serve staggered four-year terms (initially half two…
- Committee exempted from public advisory law: cost, low. The bill would say that the Federal Advisory Committee Act does not apply to the committee or its activities. If enacted, the committee would not have to follow some public-access and transparency rules that FACA requires for federal advisory groups. This change would take effect upon enactment.

## Related bills

- 119-hr-3816: Weather Act Reauthorization Act of 2025
- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-5089: Weather Act Reauthorization Act of 2025
- 119-hr-137: TCJA Permanency Act
- 119-hr-1004: Love Lives On Act of 2025

## Sources
- [119-hr-6967 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/6967)

## Related
- [119-hr-3816: Weather Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-hr-3816)
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-5089: Weather Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-hr-5089)
- [119-hr-137: TCJA Permanency Act](https://policyrisk.com/legislation/119-hr-137)
- [119-hr-1004: Love Lives On Act of 2025](https://policyrisk.com/legislation/119-hr-1004)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-6967 (as of 2026-08-22).