US Lawmakers Introduce ‘SEC Stabilization Act’ in a Bid to Remove Gary Gensler

In reference to SEC head Gary Gensler, Congressman Warren Davis expressed the need to safeguard U.S. capital markets from the influence of a potentially oppressive Chairman, including the current officeholder.

Congressman Warren Davidson Raises Concerns over SEC Chair’s Conduct, Proposes “SEC Stabilization Act”

In an effort to safeguard the integrity of U.S. capital markets, Congressman Warren Davidson has recently voiced his concerns about the alleged behavior of Securities and Exchange Commission (SEC) Chair Gary Gensler. Emphasizing the need for protection against what he perceives as a “tyrannical Chairman,” Davidson has introduced the “SEC Stabilization Act” in the House of Representatives. The proposed legislation, announced on June 12, includes provisions aimed at removing Gary Gensler from his position. According to Davidson, the bill addresses the ongoing abuse of power within the SEC and seeks to ensure long-term market interests. Underscoring the urgency for genuine reform, he stated his intention to fire Gary Gensler as Chair of the SEC. Davidson had previously declared his intention to introduce this bill earlier in the year.