TITLE I - PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD
Sec. 101. Establishment; administrative provisions.
Sec. 101(a) Establishment of Board
Sec. 101(b) Status
Sec. 101(c) Duties of the Board
Sec. 101(d) Commission Determination
Sec. 101(e) Board Membership
Sec. 101(f) Powers of the Board
Sec. 101(g) Rules of the Board
Sec. 101(h) Annual Report to the Commission
Sec. 102. Registration with the Board.
Sec. 102(a) Mandatory Registration
Sec. 102(b) Applications for Registration
Sec. 102(c) Action on Applications
Sec. 102(d) Periodic Reports
Sec. 102(e) Public Availability
Sec. 102(f) Registration and Annual Fees
Sec. 103. Auditing, quality control, and independence standards and rules.
Sec. 103(a) Auditing, Quality Control and Ethics Standards
Sec. 103(b) Independence Standards and Rules
Sec. 103(c) Cooperation with Designated Professional Groups of Accountants and Advisory Groups
Sec. 103(d) Evaluation of Standard Setting Process
Sec. 104. Inspections of registered public accounting firms.
Sec. 104(a) In General
Sec. 104(b) Inspection Frequency
Sec. 104(c) Procedures
Sec. 104(d) Conduct of Inspections
Sec. 104(e) Record Retention
Sec. 104(f) Procedures for Review
Sec. 104(g) Report
Sec. 104(h) Interim Commisson Review
Sec. 105. Investigations and disciplinary proceedings.
Sec. 105(a) In General
Sec. 105(b) Investigations
Sec. 105(c) Disciplinary Procedures
Sec. 105(d) Reporting of Sanctions
Sec. 105(e) Stay of Sanctions
Sec. 106. Foreign public accounting firms.
Sec. 106(a) Applicability to Certain Foreign Firms
Sec. 106(b) Production of Audit Workpapers
Sec. 106(c) Exemption Authority
Sec. 106(d) Definition
Sec. 107. Commission oversight of the Board.
Sec. 107(a) General Oversight Responsibility
Sec. 107(b) Rules of the Board
Sec. 107(c) Commisson Review of Disciplinary Action Taken by the Board
Sec. 107(d) Censure of the Board; Other Sactions
Sec. 108. Accounting standards.
Sec. 108(a) Amendment of Securities Act of 1933
Sec. 108(b) Commission Authority
Sec. 108(c) No Effect on Commission Powers
Sec. 108(d) Study and Report on Adopting Principles-Based Accounting
Sec. 109. Funding.
Sec. 109(a) In General
Sec. 109(b) Annual Budgets
Sec. 109(c) Sources and Uses of Funds
Sec. 109(d) Annual Accounting Support Fee for the Board
Sec. 109(e) Annual Accounting Support Fee for Standard Setting Body
Sec. 109(f) Limitation of Fee
Sec. 109(g) Allocation of Accounting Support Fees Among Issuers
Sec. 109(h) Conforming Amendments
Sec. 109(i) Rule of Construction
Sec. 109(j) Start-up Expenses of the Board
TITLE II - AUDITOR INDEPENDENCE
Sec. 201. Services outside the scope of practice of auditors.
Sec. 201(a) Prohibited Activities
Sec. 201(b) Exemption Authority
Sec. 202. Preapproval requirements.
Sec. 203. Audit partner rotation.
Sec. 204. Auditor reports to audit committees.
Sec. 205. Conforming amendments.
Sec. 205(a) Definitions
Sec. 205(b) Auditor Requirements
Sec. 205(c) Other References
Sec. 205(d) Conforming Amendment
Sec. 206. Conflicts of interest.
Sec. 207. Study of mandatory rotation of registered public accounting firms.
Sec. 207(a) Study and Review Required
Sec. 207(b) Report Required
Sec. 207(c) Definition
Sec. 208. Commission authority.
Sec. 208(a) Commission Regulations
Sec. 208(b) Auditor Independence
Sec. 209. Considerations by appropriate State regulatory authorities.
TITLE III - CORPORATE RESPONSIBILITY
Sec. 301. Public company audit committees.
Sec.301(m) Standards Related to Audit Committees
Sec. 301(m)(1) Commission Rules
Sec. 301(m)(2) Responsibilities Related to Registered Public Accounting Firms
Sec. 301(m)(3) Independence
Sec. 301(m)(4) Complaints
Sec. 301(m)(5) Authority to Engage Advisors
Sec. 301(m)(6) Funding
Sec. 302. Corporate responsibility for financial reports.
Sec. 302(a) Regulations Required
Sec. 302(b) Foregin Reincorporations Have No Effect
Sec. 302(c) Deadline
Sec. 303. Improper influence on conduct of audits.
Sec. 303(a) Rules to Prohibit
Sec. 303(b) Enforcement
Sec. 303(c) No Preemption of Other Law
Sec. 303(d) Deadline for Rulemaking
Sec. 304. Forfeiture of certain bonuses and profits.
Sec. 304(a) Additional Compensation Prior to Noncompliance with Commission Financial Reporting Requirements
Sec. 304(b) Commission Exemption Authority
Sec. 305. Officer and director bars and penalties.
Sec. 305(a) Unfitness Standard
Sec. 305(b) Equitable Relief
Sec. 306. Insider trades during pension fund blackout periods.
Sec. 306(a) Prohibition of Insider Trading During Pension Fund Blackout Periods
Sec. 306(b) Notice Requirements to Participants and Beneficiaries Under ERISA
Sec. 306(c) Effective Date
Sec. 307. Rules of professional responsibility for attorneys.
Sec. 308. Fair funds for investors.
Sec. 308(a) Civil Penalties Added to Disgorgement Funds for the Relief of Victims
Sec. 308(b) Acceptance of Additional Donations
Sec. 308(c) Study Required
Sec. 308(d) Conforming Amendments
Sec. 308(e) Definition
TITLE IV - ENHANCED FINANCIAL DISCLOSURES
Sec. 401. Disclosures in periodic reports.
Sec. 401(a) Disclosures Required
Sec. 401(b) Commission Rules on Pro Forma Figures
Sec. 402. Enhanced conflict of interest provisions.
Sec. 402(a) Prohibition on Personel Loans to Executives
Sec. 403. Disclosures of transactions involving management and principal stockholders.
Sec. 404. Management assessment of internal controls.
Sec. 405. Exemption.
Sec. 406. Code of ethics for senior financial officers.
Sec. 407. Disclosure of audit committee financial expert.
Sec. 408. Enhanced review of periodic disclosures by issuers.
Sec. 409. Real time issuer disclosures.
TITLE V - ANALYST CONFLICTS OF INTEREST
Sec. 501. Treatment of securities analysts by registered securities associations and
TITLE VI - COMMISSION RESOURCES AND AUTHORITY
Sec. 601. Authorization of appropriations.
Sec. 602. Appearance and practice before the Commission.
Sec. 603. Federal court authority to impose penny stock bars.
Sec. 604. Qualifications of associated persons of brokers and dealers.
TITLE VII - STUDIES AND REPORTS
Sec. 701. GAO study and report regarding consolidation of public accounting firms.
Sec. 702. Commission study and report regarding credit rating agencies.
Sec. 703. Study and report on violators and violations
Sec. 704. Study of enforcement actions.
Sec. 705. Study of investment banks.
TITLE VIII - CORPORATE AND CRIMINAL FRAUD RESPONSIBILITY
Sec. 801. Short title.
Sec. 802. Criminal penalties for altering documents.
Sec. 803. Debts nondischargeable if incurred in violation of securities fraud laws.
Sec. 804. Statute of limitations for securities fraud.
Sec. 805. Review of Federal Sentencing Guidelines for obstruction of justice and extensive
Sec. 806. Protection for employees of publicly traded companies who provide evidence
Sec. 807. Criminal penalties for defrauding shareholders of publicly traded companies.
TITLE IX - WHITE-COLLAR CRIME PENALTY ENHANCEMENTS
Sec. 901. Short title.
Sec. 902. Attempts and conspiracies to commit criminal fraud offenses.
Sec. 903. Criminal penalties for mail and wire fraud.
Sec. 904. Criminal penalties for violations of the Employee Retirement Income Security
Sec. 905. Amendment to sentencing guidelines relating to certain white-collar offenses.
Sec. 906. Corporate responsibility for financial reports.
TITLE X - CORPORATE TAX RETURNS
Sec. 1001. Sense of the Senate regarding the signing of corporate tax returns by
TITLE XI - CORPORATE FRAUD AND ACCOUNTABILITY
Sec. 1101. Short title.
Sec. 1102. Tampering with a record or otherwise impeding an official proceeding.
Sec. 1103. Temporary freeze authority for the Securities and Exchange Commission.
Sec. 1104. Amendment to the Federal Sentencing Guidelines.
Sec. 1105. Authority of the Commission to prohibit persons from serving as officers
Sec. 1106. Increased criminal penalties under Securities Exchange Act of 1934.
Sec. 1107. Retaliation against informants.
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TITLE I - PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD
