United States Congressman Warren Davidson has filed a new bill called the SEC Stabilization Act, which looks to restructure the United States Securities and Exchange Commission (SEC).
One of the key provisions in the bill is the dismissal of currency SEC Chair Gary Gensler.
The SEC Stabilization Act
The new bill filed by Davidson calls for the immediate dismissal of current Securities and Exchange Chair Gary Gensler and the restructuring of the SEC to better protect the markets. Rep Davidson, in a statement, added,
“U.S. capital markets must be protected from a tyrannical Chairman, including the current one. That’s why I’m introducing legislation to fix the ongoing abuse of power and ensure protection that is in the best interest of the market for years to come. It’s time for real reform and to fire Gary Gensler as Chair of the SEC.”
The representative used the hashtag “FireGaryGensler,” adding that the United States markets must be protected from the SEC Chair. H
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