Page:United States Statutes at Large Volume 124.djvu/1848

 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. SEC. 814. EFFECTIVE DATE. This title is effective as of the date of enactment of this Act. TITLE IX—INVESTOR PROTECTIONS AND IMPROVEMENTS TO THE REGU- LATION OF SECURITIES 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: ‘‘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; ‘‘(ii) represent the interests of institutional inves- tors, including the interests of pension funds and reg- istered investment companies; 15 USC 78pp. 15 USC 78a note. Investor Protection and Securities Reform Act of 2010. 12 USC 5461 note.