Bills in the 107th Congress
An amendment in the nature of a substitute numbered 5 printed in House Report 107-418 to replace the regulatory structure in the bill with one that requires establishment of a public regulator with specified duties and authority; to modify definitions of non-audit services to make the two bans on non-audit services included in the bill effective; to provide for approval of non-audit services by the audit committee; to replace the executive responsibility provisions in the bill to require executive certification of financial statements; to improve the ability of the SEC to bar officers and directors from future service in public companies; to enable the SEC to obtain disgorgement of stock bonuses from executives who have falsified financial statements; to place limits on analyst conflicts of interest and improve corporate governance by giving audit committees oversight of auditors; and to establish an independent nominating committee for independent directors.
Amendment in the nature of a substitute sought to provide for the creation of a Public Regulatory Organization, define the nature and composition of the organization, and delineate its specific roles and responsibilities.Show All Titles
Amends H.R. 3763
Apr 24, 2002: On agreeing to the LaFalce amendment (A005) Failed by recorded vote: 202 - 219 (Roll no. 108).
April 24, 2002
2:40 PM EDT
|On agreeing to the LaFalce amendment (A005) Failed by recorded vote: 202 - 219 (Roll no. 108).|
April 24, 2002
1:34 PM EDT
|Amendment (A005) offered by Mr. LaFalce. (consideration: CR H1574-1589; text: CR H1574-1583)|