Amendment107th Congress
Amendment sought to establish capital standards for accounting companies that audit publicly traded companies; and require the SEC to set capital standards at a level no lower than half of the firm's annual audit revenues.
- Amendment Number
- 456
- Description
- Amendment sought to establish capital standards for accounting companies that audit publicly traded companies; and require the SEC to set capital standards at a level no lower than half of the firm's annual audit revenues.
- Purpose
- An amendment numbered 3 printed in House Report 107-418 to require auditors of publicly-traded companies to meet a minimum net capital requirement of not less than one-half of the annual audit revenue received by the accountant from issuers registered with the SEC.
- Congress
- 107
- Type
- HAMDT
- Latest Action Date
- Apr 24, 2002
- Latest Action Text
- On agreeing to the Sherman amendment (A003) Failed by voice vote.
- Latest Action Time
- 12:48:19
- Submitted Date
- Apr 24, 2002
- Chamber
- House of Representatives
- Update Date
- Aug 15, 2021