PCAOB Enforcement Transparency Act of 2025

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2919 Introduced in Senate (IS)]

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119th CONGRESS
  1st Session
                                S. 2919

  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.


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                   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)''.
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