Introduced in Senate — S. 2919

119th CONGRESS

1st Session

S. 2919

IN THE SENATE OF THE UNITED STATES

September 19 (legislative day, September 16), 2025

Mr. Reed (for himself and Mr. Grassley) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To amend the Sarbanes-Oxley Act of 2002 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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

Section 1. Short title

This Act may be cited as the PCAOB Enforcement Transparency Act of 2025.

Sec. 2. Open meetings authorized

Section 105(c) of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7215(c)) is amended by striking paragraph (2) and inserting the following:

(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).