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Bill Sponsor
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Bills
House Bill 3124
116th Congress(2019-2020)
EQUITABLE Act of 2019
Introduced
Introduced
Introduced in House on Jun 5, 2019
Overview
Text
Introduced
Jun 5, 2019
Latest Action
Jun 5, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3124
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Mike Conaway
Texas
Republican
Francis Rooney
Florida
Republican
Roger Marshall
Kansas
Republican
Jim Hagedorn
Minnesota
Democrat
Tim Ryan
Ohio
Republican
Ralph Norman
South Carolina
Republican
Mike Gallagher
Wisconsin
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Ensuring Quality Information and Transparency for Abroad-Based Listings on our Exchanges of 2019 or the EQUITABLE Act of 2019

This bill generally restricts the use of a foreign public accounting firm by a foreign issuer of securities.

The bill requires certain disclosures from a foreign issuer of securities that uses, for its required audit report to the Securities and Exchange Commission (SEC), a foreign public accounting firm that is not subject to inspection by the Public Company Accounting Oversight Board.

If an issuer uses such a foreign public accounting firm, the issuer is generally prohibited from listing its securities on a national securities exchange. Specifically, an issuer that is not currently listed on an exchange and uses such a firm may not be listed. A currently-listed issuer will be delisted beginning in 2025 if the issuer uses such a firm for three consecutive years.

Text (1)
Introduced in House
June 5, 2019
Related Bills (3)
Jun 11, 2020
Introduced in House
25
Sponsorship
House Bill 7181
Holding China Accountable Act
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
May 22, 2020
Introduced in House
1
Sponsorship
House Bill 7007
Compensation for Americans Act of 2020
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Jun 05, 2019
Introduced in Senate
6
Sponsorship
Senate Bill 1731
EQUITABLE Act
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Actions (2)
06/05/2019
Referred to the House Committee on Financial Services.
06/05/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 6:47:30 AM
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