II
112th CONGRESS
1st Session
S. 1907
IN THE SENATE OF THE UNITED STATES
November 18, 2011
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 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.
Short title
This Act may be cited as
the PCAOB Enforcement Transparency Act
of 2011
.
Open meetings authorized
Section 105(c)(2) of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7215(c)(2)) is amended to read as follows:
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.
.
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)
.