The purpose of the SEC Modernization Act is to reorganize certain offices within the Securities and Exchange Commission (SEC) to improve its efficiency and effectiveness. The goal is to streamline operations and enhance the SEC's ability to protect investors and oversee the securities markets. Key provisions of the Act include the transfer of several offices within the SEC to different divisions. Specifically, the Office of the Secretary, the Office of the Ethics Counsel, and the Office of International Affairs will move under the Office of the General Counsel.