Promoting Transparency in Financial Reporting Act of 2007
Latest action · Mar 9, 2007 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2973-2974)
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 9, 2007
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Promoting Transparency in Financial Reporting Act of 2007 - Requires the Securities and Exchange Commission (SEC), the Financial Accounting Standards Board, and the Public Company Accounting Oversight Board to provide oral testimony by their respective chairpersons (or a designee), beginning in 2007, and annually for five years, to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives on their efforts to reduce the complexity in financial reporting, so that investors are provided with more accurate and clear financial information.
Cosponsors
Members who signed on, in the order they did.
Actions 3
Everything that happened, newest first.
- Mar 9, 2007Introduced in Senate
- Mar 9, 2007Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2973-2974)
- Mar 9, 2007Sponsor introductory remarks on measure. (CR S2973)
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 755 | Promoting Transparency in Financial Reporting Act of 2007 | Related bill | Feb 28, 2007 |
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Accounting
- Administrative procedure
- Associations, institutions, etc.
- Auditing
- Business records
- Commerce
- Congress
- Congressional committees (House)
- Congressional committees (Senate)
- Congressional reporting requirements
- Congressional witnesses
- Corporate finance
- Federal officials
- Finance and Financial Sector
- Financial statements
- Government Operations and Politics
- Government paperwork
- House Financial Services
- Independent regulatory commissions
- Information disclosure (Securities law)
- Interactive media
- Investors
- Law
- Nonprofit organizations
- Science, Technology, Communications
- Securities and Exchange Commission
- Senate Banking, Housing, and Urban Affairs
- Social Welfare
- Standards
Text 1
Each version as it was printed, newest first.
- Mar 9, 2007Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.