113 HR 1564 IH: Audit Integrity and Job Protection Act U.S. House of Representatives 2013-04-15 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 113th CONGRESS 1st Session H. R. 1564 IN THE HOUSE OF REPRESENTATIVES April 15, 2013 Mr. Hurt (for himself and Mr. Meeks) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Sarbanes-Oxley Act of 2002 to prohibit the Public Company Accounting Oversight Board from requiring public companies to use specific auditors or require the use of different auditors on a rotating basis.

1.

Short title

This Act may be cited as the Audit Integrity and Job Protection Act.

2.

Limitation on authority relating to auditors

Section 103 of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7213) is amended by adding at the end the following: (e)

Limitation on authority

The Board shall have no authority under this title to require that audits conducted for a particular issuer in accordance with the standards set forth under this section be conducted by specific auditors, or that such audits be conducted for an issuer by different auditors on a rotating basis. .