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Bills in the 107th Congress

H.AMDT. 457

An amendment in the nature of a substitute numbered 4 printed in House Report 107-418 to create the Federal Bureau of Audits (FBA) to monitor corporate America's books by auditing all publicly-traded companies. The new agency would be a part of the SEC, but would maintain appropriate independence. The SEC would set the basic rules of auditing by incorporating the generally accepted auditing standards rules and making further refinements that are "necessary and appropriate in the public interest and for the protection of investors." The FBA's integrity will be ensured by several conflict of interest provisions designed to make certain that American taxpayers, investors, and employees get an accurate assessment of a corporation.

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Amends H.R. 3763

Apr 24, 2002: On agreeing to the Kucinich amendment (A004) Failed by recorded vote: 39 - 381 (Roll no. 107).

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April 24, 2002
1:32 PM EDT
On agreeing to the Kucinich amendment (A004) Failed by recorded vote: 39 - 381 (Roll no. 107).
April 24, 2002
12:48 PM EDT
Amendment (A004) in the nature of a substitute offered by Mr. Kucinich. (consideration: CR H1567-1574; text: CR H1567-1568)