3.0.0 1657 2019-11-15T20:54:06Z 2019-11-15T20:54:06Z House H HR 2005-04-14 109 hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Referred to 2005-05-19T16:00:28Z Referred to 2005-04-14T13:58:30Z 2005-05-19 hsba16 Capital Markets Subcommittee 1 House committee actions Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. Committee 2005-04-15 Sponsor introductory remarks on measure. (CR E657-658) IntroReferral B00100 9 Library of Congress 2005-04-14 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2005-04-14 Sponsor introductory remarks on measure. (CR E653) IntroReferral B00100 9 Library of Congress 2005-04-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2005-04-14 Introduced in House IntroReferral 1000 9 Library of Congress P000583 Rep. Paul, Ron [R-TX-14] RON PAUL R TX 14 N W000796 Rep. Westmoreland, Lynn A. [R-GA-8] Lynn Westmoreland R GA A. 8 2006-01-31 False Finance and Financial Sector Accounting Auditing Chief executive officers Commerce Corporate accountability Corporate finance Corporate management Crime and Law Enforcement Criminal liability Financial statements Government Operations and Politics Government paperwork Information disclosure (Securities law) Finance and Financial Sector 00 2005-04-14 Introduced in House 2005-06-06T16:13:16Z Due Process and Economic Competitiveness Restoration Act - Amends the Sarbanes-Oxley Act of 2002 to repeal the requirement that an issuer's annual report to shareholders must: (1) state the responsibility of management for establishing and maintaining an adequate internal control structure and procedure for financial reporting; and (2) contain an assessment of the effectiveness of such internal control.

Repeals the requirement that each registered public accounting firm that prepares or issues the audit report for such issuer must attest to, and report on, the assessment made by the management of the issuer.

]]> Due Process and Economic Competitiveness Restoration Act Short Titles as Introduced Due Process and Economic Competitiveness Restoration Act Display Title Due Process and Economic Competitiveness Restoration Act Official Title as Introduced To ensure financial regulations do not harm economic competitiveness, nor deprive Americans of due process of law, by repealing provisions of Federal law that hold corporate chief executive officers criminally liable for the content and quality of their companies' financial report, even when the chief executive officers had no intention to engage in criminal behavior, and had taken all reasonable steps to assure the accuracy of the statement. Introduced in House 2005-04-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr1657ih/xml/BILLS-109hr1657ih.xml 2005-05-19 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.