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S. 2184: A bill to amend the Sarbanes-Oxley Act of 2002 to institute a trading prohibition for certain issuers that retain public accounting firms that have not been subject to inspection by the Public Company Accounting Oversight Board, and for other purposes.


The text of the bill below is as of Jun 22, 2021 (Passed the Senate).


117th CONGRESS

1st Session

S. 2184

IN THE SENATE OF THE UNITED STATES

AN ACT

To amend the Sarbanes-Oxley Act of 2002 to institute a trading prohibition for certain issuers that retain public accounting firms that have not been subject to inspection by the Public Company Accounting Oversight Board, and for other purposes.

1.

Trading prohibition for 2 consecutive non-inspection years

Section 104(i) of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7214(i)) is amended—

(1)

in paragraph (2)(A)(ii), by striking the foreign jurisdiction described in clause (i) and inserting a foreign jurisdiction; and

(2)

in paragraph (3)—

(A)

in the paragraph heading, by striking 3 and inserting 2; and

(B)

in subparagraph (A), in the matter preceding clause (i), by striking 3 and inserting 2.

Passed the Senate June 22, 2021.

Secretary