Investor Advisory Committee Act of 2009

Sponsor introductory remarks on measure. (CR E1943)

Congressional Research Service

Official summary

Version 00 · Introduced in House · Jul 23, 2009

Investor Advisory Committee Act of 2009 - Amends the Securities Exchange Act of 1934 to establish the Investor Advisory Committee to advise and consult with the Securities and Exchange Commission (SEC) on: (1) regulatory priorities and issues regarding new products, trading strategies, fee structures, and the effectiveness of disclosures; (2) initiatives to protect investor interest; and (3) initiatives to promote investor confidence in the integrity of the marketplace.

States that the SEC is not required to accept, agree, or act upon the findings or recommendations of the Committee.

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People & committees

Who introduced it

Rep. Kilroy, Mary Jo [D-OH-15] · D–OH

Committees

Financial Services Committee

0 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Jul 24, 2009
Sponsor introductory remarks on measure. (CR E1943)
Jul 23, 2009
Referred to the House Committee on Financial Services.
Jul 23, 2009
Introduced in House
Jul 23, 2009
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Jul 23, 2009 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Aug 14, 2025. Consult Congress.gov for the current record.

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Neutral evidence review

Objective

Analyze H.R.3318 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss H.R.3318, 111th Congress: Investor Advisory Committee Act of 2009

Official record: https://www.congress.gov/bill/111th-congress/house-bill/3318

Text version to examine: Introduced in House · 2009-07-23.

Official full text: https://www.congress.gov/111/bills/hr3318/BILLS-111hr3318ih.htm

Imported record last updated by the source: 2025-08-14T16:16:17Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.3318 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.3318 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Discuss H.R.3318, 111th Congress: Investor Advisory Committee Act of 2009

Official record: https://www.congress.gov/bill/111th-congress/house-bill/3318

Text version to examine: Introduced in House · 2009-07-23.

Official full text: https://www.congress.gov/111/bills/hr3318/BILLS-111hr3318ih.htm

Imported record last updated by the source: 2025-08-14T16:16:17Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.3318 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.3318 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Discuss H.R.3318, 111th Congress: Investor Advisory Committee Act of 2009

Official record: https://www.congress.gov/bill/111th-congress/house-bill/3318

Text version to examine: Introduced in House · 2009-07-23.

Official full text: https://www.congress.gov/111/bills/hr3318/BILLS-111hr3318ih.htm

Imported record last updated by the source: 2025-08-14T16:16:17Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.3318 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.3318 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.3318, 111th Congress: Investor Advisory Committee Act of 2009

Official record: https://www.congress.gov/bill/111th-congress/house-bill/3318

Text version to examine: Introduced in House · 2009-07-23.

Official full text: https://www.congress.gov/111/bills/hr3318/BILLS-111hr3318ih.htm

Imported record last updated by the source: 2025-08-14T16:16:17Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.3318 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.