117th CONGRESS 1st Session |
To amend the Sarbanes-Oxley Act of 2002 to institute a trading prohibition for certain issuers that retain public accounting firms that have not been subject to inspection by the Public Company Accounting Oversight Board, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Trading prohibition for 2 consecutive non-inspection years.
Section 104(i) of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7214(i)) is amended—
(1) in paragraph (2)(A)(ii), by striking “the foreign jurisdiction described in clause (i)” and inserting “a foreign jurisdiction”; and
(A) in the paragraph heading, by striking “3” and inserting “2”; and
(B) in subparagraph (A), in the matter preceding clause (i), by striking “3” and inserting “2”.
Passed the Senate June 22, 2021.
Attest:
Secretary
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AN ACT | |||||
To amend the Sarbanes-Oxley Act of 2002 to institute a trading prohibition for certain issuers that retain public accounting firms that have not been subject to inspection by the Public Company Accounting Oversight Board, and for other purposes. |