H. R. 3503
IN THE HOUSE OF REPRESENTATIVES
November 18, 2011
Mr. Westmoreland introduced the following bill; which was referred to the Committee on Financial Services
To amend the Sarbanes-Oxley Act of 2002 to make Public Company Accounting Oversight Board disciplinary proceedings open to the public.
Section 105 of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7215) is amended—
by amending subsection (c)(2) to read as follows:
Hearings under this section shall be public unless the Board, on its own motion or after considering the motion of a party, orders otherwise.
(d)(1)(C), by striking
(once any stay on the imposition of such sanction
has been lifted).