H.R. 6251

PCAOB Enforcement Transparency Act of 2016

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I

114th CONGRESS

2d Session

H. R. 6251

IN THE HOUSE OF REPRESENTATIVES

September 28, 2016

Mr. Garrett introduced the following bill; which was referred to the Committee on Financial Services

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.

1.

Short title

This Act may be cited as the PCAOB Enforcement Transparency Act of 2016.

2.

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:

(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).