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.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill requires open meetings authorized Section 105(c) of the Sarbanes-Oxley Act of 2002 (15 U.S.C and defines 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). It relies on definition changes, compliance mandates, and trade restrictions. The main policy areas are Regulated Industries and Foreign Policy.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Regulated entities and members of the public affected by the bill would take on compliance duties, and Foreign businesses and cross-border trade participants affected by the bill would take on compliance duties.
Key Provisions
- Requires open meetings authorized Section 105(c) of the Sarbanes-Oxley Act of 2002 (15 U.S.C.
- Defines 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).
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires open meetings authorized Section 105(c) of the Sarbanes-Oxley Act of 2002 (15 U.S.C and defines 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).
Key Policy Areas
Regulated Industries, Foreign Policy
Primary Purpose
The bill requires open meetings authorized Section 105(c) of the Sarbanes-Oxley Act of 2002 (15 U.S.C and defines 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).
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Regulated entities and members of the public affected by the bill
- Foreign businesses and cross-border trade participants affected by the bill
Sponsors
Jack Reed
D-RI | Primary Sponsor
Legislative Progress
IntroducedMr. Reed (for himself and Mr. Grassley) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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