Section 1 Short title
This Act may be cited as the “PCAOB Enforcement Transparency Act of 2017”.
PCAOB Enforcement Transparency Act of 2017
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.
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)”.