118th Congress Finance and Financial Sector
H.R. 2606: To require auditor independence standards of the Public Company Accounting Oversight Board and the Securities and Exchange Commission applicable to past audits of a company occurring before it was a public company to treat an auditor as independent if the auditor meets established professional standards, and for other purposes.
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill modifies the auditor independence standards required by the Public Company Accounting Oversight Board and the Securities and Exchange Commission. Specifically, an issuer that is a public company or has filed to become a public company must comply with certain auditor independence standards regarding audits that occurred in the fiscal year prior to the company going public.
Written by the Congressional Research Service, Library of Congress.
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Other bills by Patrick McHenry
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- H.R. 2799: Expanding Access to Capital Act of 2023
- H.R. 2608: To amend the Federal securities laws to specify the periods for which financial statements are required to be provided by an emerging growth company, and for other purposes.
History
- Introduced in the House by Patrick McHenry.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Financial Services.