H.R. 8241, titled the "SEC Transparency Act of 2024," aims to amend the Securities Exchange Act of 1934. The bill would require the Chairman of the Securities and Exchange Commission (SEC) to testify before Congress at least twice a year about the commission's activities....
Simple Explanation
Imagine a rule where the leader of a group called the SEC has to tell the people who make the laws what the SEC has been doing twice every year. This bill says the leader needs to do that and sometimes bring the other leaders to join too!