Page 448 — Public Law 111-203 including PTFA amendments

124 STAT. 1822 PUBLIC LAW 111–203—JULY 21, 2010

(4) improving regulators’ ability to monitor the potential
effects of designated clearing entity risk management on the
stability of the financial system of the United States.

12 USC 5461 SEC. 814. EFFECTIVE DATE.
note.
This title is effective as of the date of enactment of this Act.

Investor TITLE IX—INVESTOR PROTECTIONS
Protection and
Securities AND IMPROVEMENTS TO THE REGU-
Reform Act of
2010. LATION OF SECURITIES

15 USC 78a note. SEC. 901. SHORT TITLE.
This title may be cited as the ‘‘Investor Protection and Securi-
ties Reform Act of 2010’’.

Subtitle A—Increasing Investor Protection

SEC. 911. INVESTOR ADVISORY COMMITTEE ESTABLISHED.
Title I of the Securities Exchange Act of 1934 (15 U.S.C. 78a
et seq.) is amended by adding at the end the following:

15 USC 78pp. ‘‘SEC. 39. INVESTOR ADVISORY COMMITTEE. ‘‘(a) ESTABLISHMENT AND PURPOSE.— ‘‘(1) ESTABLISHMENT.—There is established within the Commission the Investor Advisory Committee (referred to in this section as the ‘Committee’). ‘‘(2) PURPOSE.—The Committee shall— ‘‘(A) advise and consult with the Commission on— ‘‘(i) regulatory priorities of the Commission; ‘‘(ii) issues relating to the regulation of securities products, trading strategies, and fee structures, and the effectiveness of disclosure; ‘‘(iii) initiatives to protect investor interest; and ‘‘(iv) initiatives to promote investor confidence and the integrity of the securities marketplace; and ‘‘(B) submit to the Commission such findings and rec- ommendations as the Committee determines are appro- priate, including recommendations for proposed legislative changes. ‘‘(b) MEMBERSHIP.— ‘‘(1) IN GENERAL.—The members of the Committee shall be— ‘‘(A) the Investor Advocate; ‘‘(B) a representative of State securities commissions; ‘‘(C) a representative of the interests of senior citizens; and ‘‘(D) not fewer than 10, and not more than 20, members appointed by the Commission, from among individuals who— ‘‘(i) represent the interests of individual equity and debt investors, including investors in mutual funds; LAWS ‘‘(ii) represent the interests of institutional inves- tors, including the interests of pension funds and reg- istered investment companies;PUBLIC with on anorris VerDate Nov 24 2008 00:49 Aug 26, 2010 Jkt 089139 PO 00203 Frm 00448 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 GPO1 PsN: PUBL203