Summary

Portrait of John Sarbanes John Sarbanes,  H.R. 1 Division B, Title VI, Subtitle A (2021)

“ The general counsel, upon receiving a complaint filed with the Commission under paragraph (1) or upon the basis of information ascertained by the Commission in the normal course of carrying out its supervisory responsibilities, shall make a determination as to whether or not there is reason to believe that a person has committed, or is about to commit, a violation of this Act or chapter 95 or chapter 96 of the Internal Revenue Code of 1986, and as to whether or not the Commission should either initiate an investigation of the matter or that the complaint should be dismissed. ”
Source: Wikisource

Portrait of John Sarbanes John Sarbanes,  H.R. 1 Division B, Title VI, Subtitle A (2021)

“ The general counsel shall provide notification to the Commission of any intent to issue a subpoena or conduct any other form of discovery pursuant to the investigation. Upon the expiration of the 15-day period which begins on the date the general counsel provides such notification, the general counsel may issue the subpoena or conduct the discovery, unless during such 15-day period the Commission, by vote of a majority of the members of the Commission who are serving at the time, prohibits the general counsel from issuing the subpoena or conducting the discovery. ”
Source: Wikisource

Portrait of John Sarbanes John Sarbanes,  H.R. 1 Division B, Title VI, Subtitle A (2021)

“ A member shall be treated as affiliated with a political party if the member was affiliated, including as a registered voter, employee, consultant, donor, officer, or attorney, with such political party or any of its candidates or elected public officials at any time during the 5-year period ending on the date on which such individual is nominated to be a member of the Commission. ”
Source: Wikisource

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