< Back to H.R. 3503 (112th Congress, 2011–2013)

Text of the To amend the Sarbanes-Oxley Act of 2002 to make Public Company Accounting Oversight Board disciplinary proceedings open to the public.

...to the public.

This bill was introduced on November 18, 2011, in a previous session of Congress, but was not enacted. The text of the bill below is as of Nov 18, 2011 (Introduced).

Download PDF

Source: GPO

I

112th CONGRESS

1st Session

H. R. 3503

IN THE HOUSE OF REPRESENTATIVES

November 18, 2011

introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Sarbanes-Oxley Act of 2002 to make Public Company Accounting Oversight Board disciplinary proceedings open to the public.

1.

Public proceedings

Section 105 of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7215) is amended—

(1)

by amending subsection (c)(2) to read as follows:

(2)

Public hearings

Hearings under this section shall be public unless the Board, on its own motion or after considering the motion of a party, orders otherwise.

; and

(2)

in subsection (d)(1)(C), by striking (once any stay on the imposition of such sanction has been lifted).