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H.R. 3503House112th Congress (2011-2013)In Committee

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

Sponsored by Lynn A. WestmorelandRep. Lynn A. Westmoreland (R-GA)
Introduced November 18, 2011

Legislative Activity

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2 earlier actions
HouseCommittee Latest Action

Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.

Capital Markets Subcommittee

January 12, 2012

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HouseIntro Referral

Introduced in House

November 18, 2011

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

November 18, 2011

HouseCommittee

Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.

Capital Markets Subcommittee

January 12, 2012

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Introduced in HouseIssued November 18, 2011

I

112th CONGRESS

1st Session

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

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).