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.
Short title
This Act may be cited as the PCAOB Enforcement Transparency Act of 2023
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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:
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.
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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)
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