H.R. 1657 · 109th Congress
Due Process and Economic Competitiveness Restoration Act
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
PaulSponsor1 cosponsor · 1 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Due Process and Economic Competitiveness Restoration Act - Amends the Sarbanes-Oxley Act of 2002 to repeal the requirement that an issuer's annual report to shareholders must: (1) state the responsibility of management for establishing and maintaining an adequate internal control structure and procedure for financial reporting; and (2) contain an assessment…
What it does: CRS summary · Introduced in House · Apr 14, 2005
Due Process and Economic Competitiveness Restoration Act - Amends the Sarbanes-Oxley Act of 2002 to repeal the requirement that an issuer's annual report to shareholders must: (1) state the responsibility of management for establishing and maintaining an adequate internal control structure and procedure for financial reporting; and (2) contain an assessment of the effectiveness of such internal control.
Repeals the requirement that each registered public accounting firm that prepares or issues the audit report for such issuer must attest to, and report on, the assessment made by the management of the issuer.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Due Process and Economic Competitiveness Restoration Act
Latest action (May 19, 2005): Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Apr 14, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.