To amend the Securities Exchange Act of 1934 to require that certain issuers make disclosures regarding general ledger accounts reconciliation, and for other purposes.

“(s) General ledger accounts reconciliation

“(1) In general—Each covered issuer required to file an annual or quarterly report under subsection (a) shall disclose in that report whether such covered issuer has, at the time of such report, completed a general ledger accounts reconciliation for the most recent fiscal quarter and most recent fiscal year, respectively.

“(2) Covered issuer defined—For purposes of this subsection, the term covered issuer means an issuer with respect to which a civil or criminal penalty has been imposed under the securities laws by reason of the internal control over financial reporting of such issuer related to the failure of such issuer to reconcile general ledger accounts.”