SEC Modernization Act

The SEC Modernization Act requires the reorganization of several offices within the Securities and Exchange Commission. It moves the Office of the Secretary, the Office of the Ethics Counsel, and the Office of International Affairs into the Office of the General Counsel. The Office of the Chief Accountant, the Office of Credit Ratings, and the Office of Municipal Securities are moved to the Division of Corporate Finance. The Office of Legislative and Intergovernmental Affairs is merged into the Office of Public Affairs. Additionally, the Office of Investor Education and Advocacy is transferred into the Office of the Investor Advocate. Finally, the Commission may consolidate its regional offices if it determines it is appropriate.