To improve quality and transparency in financial reporting and independent audits and accounting services for public companies, to create a Public Company Accounting Oversight Board, to enhance the standard setting process for accounting practices, to strengthen the independence of firms that audit public companies, to increase corporate responsibility and the usefulness of corporate financial disclosure, to protect the objectivity and independence of securities analysts, to improve Securities and Exchange Commission resources and oversight, and for other purposes.
The bill’s titles are written by its sponsor.
Sponsor and status
Sponsor. Representative for New York's 29th congressional district. Democrat.
Last Updated: Jul 9, 2002
Length: 116 pages
107th Congress (2001–2002)
This bill was introduced on July 9, 2002, in a previous session of Congress, but it did not receive a vote.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
6 Cosponsors (6 Democrats)
Passed Senate (House next) — Jul 15, 2002
Jul 9, 2002
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
Jul 15, 2002
Companion Bill — Passed Senate (House next)
This activity took place on a related bill, S. 2673 (107th), possibly in lieu of similar activity on H.R. 5070 (107th).
H.R. 5070 (107th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 5070. This is the one from the 107th Congress.
This bill was introduced in the 107th Congress, which met from Jan 3, 2001 to Nov 22, 2002. Legislation not passed by the end of a Congress is cleared from the books.
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GovTrack.us. (2021). H.R. 5070 — 107th Congress: Public Company Accounting Reform and Investor Protection Act of 2002. Retrieved from https://www.govtrack.us/congress/bills/107/hr5070
“H.R. 5070 — 107th Congress: Public Company Accounting Reform and Investor Protection Act of 2002.” www.GovTrack.us. 2002. September 28, 2021 <https://www.govtrack.us/congress/bills/107/hr5070>
Public Company Accounting Reform and Investor Protection Act of 2002, H.R. 5070, 107th Cong..
|title=H.R. 5070 (107th)
|accessdate=September 28, 2021
|author=107th Congress (2002)
|date=July 9, 2002
|quote=Public Company Accounting Reform and Investor Protection Act of 2002
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