The SEC Stabilization Act, a bill proposed by conservative House Republicans Warren Davidson and Tom Emmer, seeks to reform the Securities and Exchange Commission (SEC) and oust Chairman Gary Gensler. Accusing Gensler of “abuses” and “tyrannical” leadership, the bill promises to redistribute power to other commissioners, add a sixth commissioner, and limit the influence of any single political party. It also introduces an executive director position to oversee daily operations. The Act aims to curtail inconsistencies and establish transparent, balanced representation, thus protecting investors and creating a more regulated market.
