US Congressman Calls for SEC to Fire Chair Gary Gensler: "Tyrannical Chairman" Claim Fuels Political Storm
A political firestorm is brewing in Washington D.C. as Congressman Warren Davidson (R-OH), alongside House Majority Whip Tom Emmer (R-MN), spearheads an effort to remove Gary Gensler, the Chair of the U.S. Securities and Exchange Commission (SEC). The lawmakers asserted that the U.S. capital markets “must be protected from a tyrannical Chairman, including the current one.”
“SEC Stabilization Act” Targets Gensler\'s Removal
Congressman Warren Davidson (R-Ohio) is introducing legislation aimed at replacing Gary Gensler. This move follows increasing scrutiny of Gensler\'s leadership and the SEC\'s regulatory approach. The “SEC Stabilization Act” calls to fire Gensler and restructure the SEC by eliminating the role of the chairperson, according to Warren Davidson, the congressman who initiated a ‘Fire Gary Gensler’ movement.
Rep. Warren Davidson introduced the SEC Stabilization Act that would restructure the SEC and remove Chairman Gary Gensler from his post. This bill, announced on June 12, has key objectives, including overhauling the SEC\'s structure.
Growing Criticism of SEC Leadership
In the wake of a high-profile congressional hearing, US Congressman Warren Davidson has formally presented legislation calling for the removal of SEC Chair Gary Gensler. During a Congressional hearing on Wednesday, lawmakers from both sides of the aisle expressed concerns about the SEC\'s direction under Gensler.
The U.S. capital markets are at the center of this debate. Davidson and Emmer believe that restructuring the SEC is crucial to ensure fair and effective regulation of the market.
The Act, officially titled the “SEC Stabilization Act,” aims to address what Davidson and other critics perceive as overreach by the SEC under Gensler’s leadership.
What’s Next for the SEC?
The push to fire Gary Gensler and restructure the SEC is gaining momentum in Congress. Rep. Warren Davidson introduced the SEC Stabilization Act alongside House Majority Whip Tom Emmer (R-MN), fulfilling the promise to restructure the SEC. The coming weeks will be crucial as the legislation moves through the House, determining the future of the SEC and its leadership. United States Rep. Warren Davidson has introduced the “SEC Stabilization Act” into the House of Representatives. 28 de sept. de 2025 House Representative Warren Davidson has repeated calls to fire SEC chair Gary Gensler.