Holding Foreign Companies Accountable Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Dec 10, 2018)
Holding Foreign Companies Accountable Act
This bill requires certain issuers of securities to disclose specified information to the Securities and Exchange Commission (SEC) if the issuer has used, for its required audit report to the SEC, a foreign public accounting firm that is not subject to inspection by Public Company Accounting Oversight Board. If an issuer retains such a firm for three consecutive years, the SEC shall prohibit the issuer from trading on a national securities exchange.
What just happenedDec 10, 2018
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseDec 10, 2018
- Dec 10, 2018IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Dec 10, 2018IntroReferralIntro-H
Introduced in House
- Dec 10, 2018IntroReferral1000
Introduced in House