Introduced in House

[Congressional Bills 112th Congress] [From the U.S. Government Publishing Office] [H.R. 3503 Introduced in House (IH)] 112th CONGRESS 1st Session H. R. 3503 To amend the Sarbanes-Oxley Act of 2002 to make Public Company Accounting Oversight Board disciplinary proceedings open to the public. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES November 18, 2011 Mr. Westmoreland introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To amend the Sarbanes-Oxley Act of 2002 to make Public Company Accounting Oversight Board disciplinary proceedings open to the public. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. PUBLIC PROCEEDINGS.

SECTION 1. PUBLIC PROCEEDINGS.

Section 105 of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7215) is

Section 105 of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7215) is amended-- (1) by amending subsection (c)(2) to read as follows: ``(2) Public hearings.--Hearings under this section shall be public unless the Board, on its own motion or after considering the motion of a party, orders otherwise.''; and (2) in subsection (d)(1)(C), by striking ``(once any stay on the imposition of such sanction has been lifted)''.