1. Short title
This Act may be cited as the “PCAOB Enforcement Transparency Act of 2021”.
PCAOB Enforcement Transparency Act of 2021
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.
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.”
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)”.