US Congressman Warren Davidson introduced the “SEC Stabilization Act” in the House of Representatives, announced on June 12. One of the main provisions of the bill is to fire the current chairman of the Securities and Exchange Commission (SEC), Gary Gensler.
Davidson said in a statement:
“America’s capital markets must be protected from a tyrannical President, including the current one. That’s why I’m introducing legislation to address the current abuse of power and ensure protection that will benefit the market for years to come. It’s time to real reform and to fire Gary Gensler as SEC Chairman.”
Davidson declared his intention to introduce the bill early this year.
This is a developing story, and more information will be added as it becomes available.
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