A BILL
H.R.4. Securities and Exchange Commission Establishment Act (2025)
Be it enacted by the Senate and House of Representatives of the HelloMiners Congress assembled,
Section 1. Short Title
This Act may be cited as the “Securities and Exchange Commission Establishment Act (2025)”.
Section 2. Purpose
The purpose of this Act is to:
(a) Protect players who invest in economic activities within the server;
(b) Maintain honesty and transparency among player-run businesses, shops, banks, cities, economies and trading organisations; and
(c) Encourage fair markets that allow businesses to grow without fraud, scams, or market manipulation.
Section 3. Creation of the SEC
(a) A federal agency is hereby created and shall be known as the Securities and Exchange Commission (SEC).
(b) The SEC shall be an independent regulatory agency within the Executive Branch.
(c) The SEC shall not be controlled by any business or private interest.
Section 4. Appointment of Commissioners
(a) The SEC shall be led by one Chairperson and two Commissioners.
(b) The President shall nominate all members of the SEC.
(c) The Senate shall approve nominees by majority vote.
(d) Commissioners serve for a period of six months.
Section 5. Powers of the SEC
The SEC shall have the authority to:
(a) Register player-run businesses that raise money from investors.
(b) Require such businesses to publish truthful financial information, such as profits, ownership, and debts.
(c) Investigate fraud, scams, counterfeit claims, insider trading, and market manipulation.
(d) Issue penalties, including:
(i) Fines payable in Forsals.
(ii) Requests for temporary business shutdowns.
(iii) Permanent revocation of business licenses (with congressional review).
(e) Set rules for public markets, such as private auction houses, stock systems, trade boards.
(f) Enforce anti-fraud laws passed by Congress.
Section 6. Player Rights
All players are granted:
(a) The right to accurate information before investing.
(b) The right to receive explanations of charges if investigated.
(c) The right to appeal SEC penalties to the Supreme Court.
Section 7. Presidential Powers
The President may:
(a) Recommend policy to the SEC;
(b) Remove Commissioners for misconduct or corruption, but nor for political disagreement;
(c) Include the SEC Chair in Cabinet meetings alongside secretaries of departments.
Section 8. Amendments
The SEC shall publish all rules publicly on Discord and the Forum. Rules do not take effect until three days after publication.
Section 9. Funding
Congress shall provide resources, either through:
(a) the Treasury,
(b) taxation systems,
(c) or market registration fees paid by businesses.
Passed House - 6 Dec 2025
Passed Senate - 9 Dec 2025
Signed by President VIT4 - 21 Dec 2025