Gio’s Law

House Bill

H.R. 4019

119th Congress

Gio’s Law

In Committee

Introduced:Sep 26, 2025

Primary Sponsor

Laura Anne Gillen

Representative

Democratic

NY-4

Cosponsors

4

Quick Stats

Policy Area

Finance and Financial Sector

Summary

The SEC Stabilization Act of 2023 would make changes to the Securities and Exchange Commission (SEC), increasing the number of commissioners from 5 to 6 and extending their terms from 5 to 6 years. It would also create a new executive director position. The bill aims to add more oversight and stability to the SEC's leadership.

Latest Action

Referred to the House Committee on Financial Services.

AI Summary

Plain-English explanation of this bill

The SEC Stabilization Act of 2023 would make changes to the Securities and Exchange Commission (SEC), increasing the number of commissioners from 5 to 6 and extending their terms from 5 to 6 years. It would also create a new executive director position. The bill aims to add more oversight and stability to the SEC's leadership.

Last updated: 12/29/2025

Official Summary

Congressional Research Service summary

SEC Stabilization Act of 2023 This bill expands the composition of the Securities and Exchange Commission from five commissioners to six, extends the term of the commissioners from five years to six, and creates an executive director position. If appointing two commissioners whose terms end on the same date, the President is prohibited from appointing individuals from the same political party.

Key Points

Main provisions of the bill

Expands the SEC from 5 to 6 commissioners
Extends commissioner terms from 5 to 6 years
Creates a new executive director position at the SEC
Requires the President to appoint commissioners from different political parties if terms end on the same date

How This Impacts Americans

Potential effects on citizens and communities

This bill would affect the leadership and oversight of the SEC, the main regulator for financial markets and institutions in the United States. The expanded commission and longer terms could provide more stability, but the partisan balance requirement could also make appointments more contentious. Overall, these changes could impact how the SEC carries out its mission of protecting investors and maintaining fair and orderly functioning of securities markets.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

4019, 119th Congress (2025). "Gio’s Law". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-4019