US Lawmakers Introduce the 'SEC Stabilization Act' to Fire Chair Gary Gensler and Reform the SEC

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The SEC Stabilization Act promises to "restructure the Securities and Exchange Commission and remove Gary Gensler as Chair of the SEC" If passed, the proposed legislation will dismantle the Chairman position, and create a new role called the Executive Director. The two major American political parties, Democrats and Republicans, will be limited to a maximum of three Commissioners at any given time.