PCAOB Enforcement Transparency Act of 2023

Bill: 118-s-865
Sponsor: full_name: Sen. Reed, Jack [D-RI]
Introduced: 2023-03-16
Policy area: Finance and Financial Sector
Latest action: action_date: 2023-03-16
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S832)

Summaries:
action_date: 2023-03-16
action_desc: Introduced in Senate
text: <p><b>PCAOB Enforcement Transparency Act of 2023</b></p> <p>This bill makes Public Company Accounting Oversight Board disciplinary proceedings open to the public unless the board, on its own motion or after considering the motion of a party, orders otherwise.</p>

tv_txt: II 118th CONGRESS 1st Session S. 865 IN THE SENATE OF THE UNITED STATES March 16, 2023 Mr. Reed (for himself and Mr. Grassley ) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To amend the Sarbanes-Oxley Act of 2002 to promote transparency by permitting the Public Company Accounting Oversight Board to allow its disciplinary proceedings to be open to the public, and for other purposes.

1. Short title This Act may be cited as the PCAOB Enforcement Transparency Act of 2023 . 2. Open meetings authorized Section 105(c) of the Sarbanes-Oxley Act of 2002 ( 15 U.S.C. 7215(c) ) is amended by striking paragraph (2) and inserting the following: (2) Public hearings Hearings under this section shall be open to the public, unless the Board, on its own motion or after considering the motion of a party, orders otherwise. . 3. Publication of determinations Section 105(d)(1)(C) of the Sarbanes-Oxley Act of 2002 ( 15 U.S.C. 7215(d)(1)(C) ) is amended by striking (once any stay on the imposition of such sanction has been lifted) .