; and (2) the penalty will harm the shareholders of the issuer. . 825. Repeal of authority of the Commission to prohibit persons from serving as officers or directors (a) Under Securities Act of 1933 Subsection (f) of section 8A of the Securities Act of 1933 ( 15 U.S.C. 77h–1 ) is repealed. (b) Under Securities Exchange Act of 1934 Subsection (f) of section 21C of the Securities Exchange Act of 1934 ( 15 U.S.C. 78u–3 ) is repealed. 826. Subpoena duration and renewal Section 21(b) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78u(b) ) is amended— (1) by inserting Subpoena.— after the enumerator; (2) by striking For the purpose of and inserting the following: (1) In general For the purpose of