From Order to Execution: Ensuring Efficient and Transparent Equity Markets (EventID=119308)

Video Description

Connect with the House Financial Services Committee » Get the latest news: https://democrats-financialservices.house.gov/ » Follow us on Facebook: https://www.facebook.com/USHouseFSC » Follow us on Twitter: https://x.com/USHouseFSC » Follow us on Instagram: https://www.instagram.com/ushousefsc/ » Follow us on Bluesky: https://bsky.app/profile/ushousefsc.bsky.social ___________________________________ » Subscribe: https://www.youtube.com/@USHouseFSC?sub_confirmation=1 ___________________________________ On Wednesday, May 20, 2026, at 2:00 p.m. (ET) Subcommittee on Capital Markets Chair Wagner and Ranking Member Sherman will host a hearing entitled, “From Order to Execution: Ensuring Efficient and Transparent Equity Markets." ___________________________________ Witnesses for this one-panel hearing will be: • Dr. Robert Battalio, Professor of Finance at the Mendoza College of Business, University of Notre Dame • Mr. Matt Billings, Vice President of Brokerage and President, Robinhood Financial and Robinhood Securities • Mr. Kevin Kennedy, Executive Vice President and Head of North American Market Services, Nasdaq • Mr. Matt MacKenzie, Head of U.S. Policy and Regulatory Affairs, Optiver, on behalf of FIA Principal Traders Group • Mr. Joseph Saluzzi, Partner and Co-Founder, Themis Trading ___________________________________ This hearing will examine the current state of U.S. equity market structure and explore if the Regulation National Market System (Reg NMS) framework continues to support a fair, orderly, and globally competitive market. Members will consider how to sustain U.S. market leadership, defined by superior liquidity and retail accessibility, by ensuring Securities and Exchange Commission (SEC) rules foster competition and innovation while minimizing compliance burdens on small firms and protecting investor execution quality. Legislation Noticed 1. H.R. 3197, the Fortifying U.S. Markets From Chinese Military Aggression Act (Nunn): This bill creates an advisory committee under the Financial Stability Oversight Council to develop an actionable plan to safeguard the U.S. economy in the event of Chinese Communist Party military escalation against Taiwan. 2. H.R. 1483, the Protecting Investors’ Personally Identifiable Information Act (Loudermilk): This bill would prohibit the SEC from requiring national securities exchanges, national securities associations, or registered broker dealers to submit personally identifiable information to the Consolidated Audit Trail database. 3. H.R. ___, the SEC Regulatory Accountability Act (Wagner): This discussion draft requires the SEC to conduct more rigorous cost-benefit analyses of its regulations and orders. 4. H.R.___, the Review the Expansion of Government (REG) Act of 2026 (Kim): This discussion draft requires periodic review of SEC rules and consideration of the cumulative effects of regulations. ___________________________________ #proxy #sec #securities #securitiesandexchangecommission #finra #msrb #sro #market #equitymarket #liquidity #nms #china #accountability ___________________________________ Hearing page: https://democrats-financialservices.house.gov/events/eventsingle.aspx?EventID=415313