Promoting Transparency in Financial Reporting Act of 2007
To require annual oral testimony before the Financial Services Committee of the Chairperson or a designee of the Chairperson of the Securities and Exchange Commission, the Financial Accounting Standards Board, and the Public Company Accounting Oversight Board, relating to their efforts to promote transparency in financial reporting.
This bill would require three agencies that are responsible for overseeing and regulating major U.S.financial institutions to testify annually before the House of Representative's Financial Services Committee. The goals of these testimonies would be to change outdated standards, improve the usability of accounting and auditing liteature, encourage usage of interactive data, and promote disclosures in "plain English."
2/27/2007--Passed House without amendment. (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Promoting Transparency in Financial Reporting Act of 2007 - Requires the Securities and Exchange Commission (SEC), the Financial Accounting ... moreSee Full Bill Text
Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | Bill Becomes Law |
| January 31, 2007 | February 27, 2007 |
Latest Vote
| February 27, 2007Roll call number 104 in the House | |||
| Question: On Motion to Suspend the Rules and Pass: H R 755 Promoting Transparency in Financial Reporting Act | |||
| Required percentage of 'Aye' votes: 2/3 (66%) | Percentage of 'aye' votes: 95% | Result: Passed | |
In the News
July 10, 2007 Worry Not, Everybody: You'll Be Seeing Plenty Of Bud Selig
BY ASOX AT 01:17 PM Now we can only hope that Bonds gets stuck on HR # 755 for something like 45 games, prolonging Selig's agony as long as possible. ...
March 02, 2007 Bill Requires Testimony From Accounting Regulators
Davis introduced HR 755 on Jan. 31, 2007. During the 109th Congress the House unanimously passed HR 5024, the Promoting Transparency in Financial Reporting ...
Blog Coverage
May 09, 2008 Branchement enregistreur dvd samsung HR-755 (par Didine981)
Bonjour, Je viens d'acheter un enregistreur de DVD Samsung hr-755 et j'ai des problèmes pour le brancher... Je reçois la tv par numericable donc avec un decodeur numericable, c'est à dire que j'ai un cable entre la prise murale et l
January 30, 2008 #2: Samsung DVD HR 755 DVD- und Festplatten-Rekorder 250 GB (DivX ...
Der Samsung DVD HR 755 im Slim Design mit einer Bauhöhe von lediglich 59 mm und mit einer Festplattenkapazität von 250 GB, ist geeignet für die Wiedergabe von DVD-RAM/±R/±RW/-R DL, VCD, SVCD, JPEG, MPEG4 (DivX), CD-R/-RW und MP3. ...
January 17, 2008 A chronology of not-so-great moments in Red Sox History
Henry Aaron hits HR #755, his last, against future Red Sox P Dick Drago as the Milwaukee Brewers beat California 6-2. July 21, 1959 The Red Sox become the last team in MLB to include a black player in a lineup as Elijah âPumpsieâ Green, ...
Source: Bucky, Buckner, and Barnett











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