Promoting Transparency in Financial Reporting Act of 2006

Bill: 109-hr-5024
Sponsor: Rep. Davis, Geoff [R-KY-4]
Introduced: 2006-03-28 in the House
Policy area: Finance and Financial Sector
Subjects: Accounting
Administrative procedure
Associations, institutions, etc.
Auditing
Business records
Commerce
Congress
Congressional committees (House)
Congressional reporting requirements
Congressional witnesses
Corporate finance
Federal officials
Financial statements
Government Operations and Politics
Government paperwork
House Financial Services
Independent regulatory commissions
Information disclosure (Securities law)
Interactive media
Law
Nonprofit organizations
Science, Technology, Communications
Securities and Exchange Commission
Social Welfare
Standards

Summary:
action_date: 2006-03-28
text: 
Promoting Transparency in Financial Reporting Act of 2006 - 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.

action_date: 2006-07-17
text: 
Promoting Transparency in Financial Reporting Act of 2006 - 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.

action_date: 2006-07-25
text: 

(This measure has not been amended since it was reported to the House on July 17, 2006. The summary of that version is repeated here.)

 
Promoting Transparency in Financial Reporting Act of 2006 - 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.


Legislative actions:
action_date: 2006-07-26
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2006-07-25
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2006-07-25
text: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5754)
action_date: 2006-07-25
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H5754)
action_date: 2006-07-25
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 5024.
action_date: 2006-07-25
text: Considered under suspension of the rules. (consideration: CR H5754-5755)
action_date: 2006-07-25
text: Mr. Davis (KY) moved to suspend the rules and pass the bill, as amended.
action_date: 2006-07-17
text: Placed on the Union Calendar, Calendar No. 321.
action_date: 2006-07-17
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 109-565.
action_date: 2006-07-17
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 109-565.
action_date: 2006-06-14
text: Ordered to be Reported (Amended) by Voice Vote.
action_date: 2006-06-14
text: Committee Consideration and Mark-up Session Held.
action_date: 2006-04-21
text: Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
action_date: 2006-03-28
text: Referred to the House Committee on Financial Services.
action_date: 2006-03-28
text: Introduced in House
action_date: 2006-03-28
text: Introduced in House