[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 1907 Introduced in Senate (IS)]

112th CONGRESS
  1st Session
                                S. 1907

  To promote transparency by permitting the Public Company Accounting 
Oversight Board to allow its disciplinary proceedings to be open to the 
                    public, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           November 18, 2011

Mr. Reed (for himself and Mr. Grassley) introduced the following bill; 
which was read twice and referred to the Committee on Banking, Housing, 
                           and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
  To promote transparency by permitting the Public Company Accounting 
Oversight Board to allow its disciplinary proceedings to be open to the 
                    public, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``PCAOB Enforcement Transparency Act 
of 2011''.

SEC. 2. OPEN MEETINGS AUTHORIZED.

    Section 105(c)(2) of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 
7215(c)(2)) is amended to read as follows:
            ``(2) Public hearings.--Hearings under this section shall 
        be open to the public, unless the Board, on its own motion or 
        after considering the motion of a party, orders otherwise.''.

SEC. 3. PUBLICATION OF DETERMINATIONS.

    Section 105(d)(1)(C) of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 
7215(d)(1)(C)) is amended by striking ``(once any stay on the 
imposition of such sanction has been lifted)''.
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