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<billStatus>
  <version>3.0.0</version>
  <bill>
    <number>5024</number>
    <updateDate>2023-01-13T04:48:55Z</updateDate>
    <updateDateIncludingText>2023-01-13T04:48:55Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2006-03-28</introducedDate>
    <congress>109</congress>
    <committees>
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        <name>Banking, Housing, and Urban Affairs Committee</name>
        <chamber>Senate</chamber>
        <type>Standing</type>
        <activities>
          <item>
            <name>Referred to</name>
            <date>2006-07-26T22:10:52Z</date>
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      <item>
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        <name>Financial Services Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
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          <item>
            <systemCode>hsba16</systemCode>
            <name>Capital Markets Subcommittee</name>
            <activities>
              <item>
                <name>Referred to</name>
                <date>2006-04-21T13:23:44Z</date>
              </item>
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        <activities>
          <item>
            <name>Reported by</name>
            <date>2006-07-17T18:34:44Z</date>
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          <item>
            <name>Markup by</name>
            <date>2006-06-14T16:03:00Z</date>
          </item>
          <item>
            <name>Referred to</name>
            <date>2006-03-28T19:04:20Z</date>
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    <committeeReports>
      <committeeReport>
        <citation>H. Rept. 109-565</citation>
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    <actions>
      <item>
        <actionDate>2006-07-26</actionDate>
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            <name>Banking, Housing, and Urban Affairs Committee</name>
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        <text>Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
        <type>IntroReferral</type>
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      <item>
        <actionDate>2006-07-25</actionDate>
        <actionTime>14:39:53</actionTime>
        <text>Motion to reconsider laid on the table Agreed to without objection.</text>
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      <item>
        <actionDate>2006-07-25</actionDate>
        <actionTime>14:39:50</actionTime>
        <text>On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5754)</text>
        <type>Floor</type>
        <actionCode>H37300</actionCode>
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      <item>
        <actionDate>2006-07-25</actionDate>
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        <text>Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H5754)</text>
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        <actionCode>8000</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
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      </item>
      <item>
        <actionDate>2006-07-25</actionDate>
        <actionTime>14:32:27</actionTime>
        <text>DEBATE - The House proceeded with forty minutes of debate on H.R. 5024.</text>
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        <actionDate>2006-07-25</actionDate>
        <actionTime>14:32:24</actionTime>
        <text>Considered under suspension of the rules. (consideration: CR H5754-5755)</text>
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          <code>2</code>
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      <item>
        <actionDate>2006-07-25</actionDate>
        <actionTime>14:31:19</actionTime>
        <text>Mr. Davis (KY) moved to suspend the rules and pass the bill, as amended.</text>
        <type>Floor</type>
        <actionCode>H30300</actionCode>
        <sourceSystem>
          <code>2</code>
          <name>House floor actions</name>
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      </item>
      <item>
        <actionDate>2006-07-17</actionDate>
        <text>Placed on the Union Calendar, Calendar No. 321.</text>
        <type>Calendars</type>
        <actionCode>H12410</actionCode>
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          <code>2</code>
          <name>House floor actions</name>
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        <calendarNumber>
          <calendar>U00321</calendar>
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        <actionDate>2006-07-17</actionDate>
        <text>Reported (Amended) by the Committee on Financial Services. H. Rept. 109-565.</text>
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        <actionCode>H12200</actionCode>
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          <code>2</code>
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        <actionDate>2006-07-17</actionDate>
        <text>Reported (Amended) by the Committee on Financial Services. H. Rept. 109-565.</text>
        <type>Committee</type>
        <actionCode>5000</actionCode>
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          <code>9</code>
          <name>Library of Congress</name>
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        <committees>
          <item>
            <systemCode>hsba00</systemCode>
            <name>Financial Services Committee</name>
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        <actionDate>2006-06-14</actionDate>
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            <systemCode>hsba00</systemCode>
            <name>Financial Services Committee</name>
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        <text>Ordered to be Reported (Amended) by Voice Vote.</text>
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      <item>
        <actionDate>2006-06-14</actionDate>
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          <item>
            <systemCode>hsba00</systemCode>
            <name>Financial Services Committee</name>
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        <text>Committee Consideration and Mark-up Session Held.</text>
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      <item>
        <actionDate>2006-04-21</actionDate>
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            <systemCode>hsba16</systemCode>
            <name>Capital Markets Subcommittee</name>
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          <code>1</code>
          <name>House committee actions</name>
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        <text>Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.</text>
        <type>Committee</type>
      </item>
      <item>
        <actionDate>2006-03-28</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
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          <code>2</code>
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            <name>Financial Services Committee</name>
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        <actionDate>2006-03-28</actionDate>
        <text>Introduced in House</text>
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          <code>9</code>
          <name>Library of Congress</name>
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      <item>
        <actionDate>2006-03-28</actionDate>
        <text>Introduced in House</text>
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        <actionCode>1000</actionCode>
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          <code>9</code>
          <name>Library of Congress</name>
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      </item>
    </actions>
    <sponsors>
      <item>
        <bioguideId>D000603</bioguideId>
        <fullName>Rep. Davis, Geoff [R-KY-4]</fullName>
        <firstName>Geoff</firstName>
        <lastName>Davis</lastName>
        <party>R</party>
        <state>KY</state>
        <district>4</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>S001157</bioguideId>
        <fullName>Rep. Scott, David [D-GA-13]</fullName>
        <firstName>David</firstName>
        <lastName>Scott</lastName>
        <party>D</party>
        <state>GA</state>
        <district>13</district>
        <sponsorshipDate>2006-03-28</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>I000057</bioguideId>
        <fullName>Rep. Israel, Steve [D-NY-2]</fullName>
        <firstName>STEVE</firstName>
        <lastName>ISRAEL</lastName>
        <party>D</party>
        <state>NY</state>
        <district>2</district>
        <sponsorshipDate>2006-03-28</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>C000243</bioguideId>
        <fullName>Rep. Castle, Michael N. [R-DE-At Large]</fullName>
        <firstName>MICHAEL</firstName>
        <lastName>CASTLE</lastName>
        <party>R</party>
        <state>DE</state>
        <middleName>N.</middleName>
        <district>0</district>
        <sponsorshipDate>2006-03-29</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S001144</bioguideId>
        <fullName>Rep. Shays, Christopher [R-CT-4]</fullName>
        <firstName>CHRISTOPHER</firstName>
        <lastName>SHAYS</lastName>
        <party>R</party>
        <state>CT</state>
        <district>4</district>
        <sponsorshipDate>2006-06-07</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>G000210</bioguideId>
        <fullName>Rep. Gillmor, Paul E. [R-OH-5]</fullName>
        <firstName>PAUL</firstName>
        <lastName>GILLMOR</lastName>
        <party>R</party>
        <state>OH</state>
        <middleName>E.</middleName>
        <district>5</district>
        <sponsorshipDate>2006-06-07</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>F000447</bioguideId>
        <fullName>Rep. Feeney, Tom [R-FL-24]</fullName>
        <firstName>Tom</firstName>
        <lastName>Feeney</lastName>
        <party>R</party>
        <state>FL</state>
        <district>24</district>
        <sponsorshipDate>2006-06-09</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>F000451</bioguideId>
        <fullName>Rep. Fitzpatrick, Michael G. [R-PA-8]</fullName>
        <firstName>Michael</firstName>
        <lastName>Fitzpatrick</lastName>
        <party>R</party>
        <state>PA</state>
        <middleName>G.</middleName>
        <district>8</district>
        <sponsorshipDate>2006-06-12</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>H000636</bioguideId>
        <fullName>Rep. Hinojosa, Ruben [D-TX-15]</fullName>
        <firstName>RUBEN</firstName>
        <lastName>HINOJOSA</lastName>
        <party>D</party>
        <state>TX</state>
        <district>15</district>
        <sponsorshipDate>2006-07-12</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <cboCostEstimates>
      <item>
        <pubDate>2006-07-14T04:00:00Z</pubDate>
        <title>H.R. 5024, Promoting Transparency in Financial Reporting Act of 2006</title>
        <url>http://www.cbo.gov/publication/17967</url>
        <description>&lt;p&gt;Cost estimate for the bill as ordered reported by the House Committee on Financial Services on June 14, 2006&lt;/p&gt;</description>
      </item>
      <item>
        <pubDate>2006-07-14T04:00:00Z</pubDate>
        <title>H.R. 5024, Promoting Transparency in Financial Reporting Act of 2006</title>
        <url>https://www.cbo.gov/publication/17967</url>
        <description>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on June 14, 2006</description>
      </item>
    </cboCostEstimates>
    <policyArea>
      <name>Finance and Financial Sector</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
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          <name>Accounting</name>
        </item>
        <item>
          <name>Administrative procedure</name>
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        <item>
          <name>Associations, institutions, etc.</name>
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        <item>
          <name>Auditing</name>
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          <name>Business records</name>
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        <item>
          <name>Congress</name>
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          <name>Congressional committees (House)</name>
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          <name>Federal officials</name>
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        <item>
          <name>Government Operations and Politics</name>
        </item>
        <item>
          <name>Government paperwork</name>
        </item>
        <item>
          <name>House Financial Services</name>
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        <item>
          <name>Independent regulatory commissions</name>
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        <item>
          <name>Information disclosure (Securities law)</name>
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        <item>
          <name>Interactive media</name>
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        <item>
          <name>Law</name>
        </item>
        <item>
          <name>Nonprofit organizations</name>
        </item>
        <item>
          <name>Science, Technology, Communications</name>
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        <item>
          <name>Securities and Exchange Commission</name>
        </item>
        <item>
          <name>Social Welfare</name>
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        <item>
          <name>Standards</name>
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      </legislativeSubjects>
      <policyArea>
        <name>Finance and Financial Sector</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2006-03-28</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2006-05-03T16:46:36Z</updateDate>
        <text><![CDATA[ <p>Promoting Transparency in Financial Reporting Act of 2006 - Requires the Securities and Exchange Commission (SEC), the Financial Accounting Standards Board, and the Public Company Accounting Oversight Board to provide oral testimony by their respective Chairpersons (or a designee), beginning in 2007, and annually for five years, to the Committee on Financial Services of the House of Representatives on their efforts to reduce the complexity in financial reporting to provide more accurate and clear financial information to investors.</p>]]></text>
      </summary>
      <summary>
        <versionCode>17</versionCode>
        <actionDate>2006-07-17</actionDate>
        <actionDesc>Reported to House with amendment(s)</actionDesc>
        <updateDate>2006-09-06T17:48:57Z</updateDate>
        <text><![CDATA[ <p>Promoting Transparency in Financial Reporting Act of 2006 - Requires the Securities and Exchange Commission (SEC), the Financial Accounting Standards Board, and the Public Company Accounting Oversight Board to provide oral testimony by their respective Chairpersons (or a designee), beginning in 2007, and annually for five years, to the Committee on Financial Services of the House of Representatives on their efforts to reduce the complexity in financial reporting to provide more accurate and clear financial information to investors.</p>]]></text>
      </summary>
      <summary>
        <versionCode>36</versionCode>
        <actionDate>2006-07-25</actionDate>
        <actionDesc>Passed House amended</actionDesc>
        <updateDate>2006-09-06T17:50:12Z</updateDate>
        <text><![CDATA[ <p><b>(This measure has not been amended since it was reported to the House on July 17, 2006. The summary of that version is repeated here.)</b></p> <p>Promoting Transparency in Financial Reporting Act of 2006 - Requires the Securities and Exchange Commission (SEC), the Financial Accounting Standards Board, and the Public Company Accounting Oversight Board to provide oral testimony by their respective Chairpersons (or a designee), beginning in 2007, and annually for five years, to the Committee on Financial Services of the House of Representatives on their efforts to reduce the complexity in financial reporting to provide more accurate and clear financial information to investors.</p>]]></text>
      </summary>
    </summaries>
    <title>Promoting Transparency in Financial Reporting Act of 2006</title>
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        <titleType>Display Title</titleType>
        <title>Promoting Transparency in Financial Reporting Act of 2006</title>
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        <title>To require annual oral testimony before the Financial Services Committee of the Chairperson or a designee of the Chairperson of the Securities and Exchange Commission, the Financial Accounting Standards Board, and the Public Company Accounting Oversight Board, relating to their efforts to promote transparency in financial reporting.</title>
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        <title>Promoting Transparency in Financial Reporting Act of 2006</title>
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        <title>Promoting Transparency in Financial Reporting Act of 2006</title>
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        <title>Promoting Transparency in Financial Reporting Act of 2006</title>
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        <chamberName>House</chamberName>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-109hr5024ih/xml/BILLS-109hr5024ih.xml</url>
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    <latestAction>
      <actionDate>2006-07-26</actionDate>
      <text>Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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