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H.R. 755 (110th): Promoting Transparency in Financial Reporting Act of 2007

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


2/27/2007--Passed House without amendment. Promoting Transparency in Financial Reporting Act of 2007 - Requires the Securities and Exchange Commission (SEC), the Financial Accounting Standards Board, and the Public Company Accounting Oversight Board to provide oral testimony by their respective Chairpersons (or a designee), beginning in 2007, and annually for five years, to the Committee on Financial Services of the House of Representatives on their efforts to reduce the complexity in financial reporting to provide more accurate and clear financial information to investors.