H.R.755 - 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. view all titles (3)

All Bill Titles

  • Short: Promoting Transparency in Financial Reporting Act of 2007 as introduced.
  • Official: 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. as introduced.
  • Short: Promoting Transparency in Financial Reporting Act of 2007 as passed house.

This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.

Bill’s Views

  • Today: 2
  • Past Seven Days: 3
  • All-Time: 1,457
 
Introduced
 
House
Passed
 
Senate
Passes
 
President
Signs
 

 
01/31/07
 
02/27/07
 
 
 
 
 

 

Latest Vote

Result: Passed - February 27, 2007

Roll call number 104 in the House

Question: On Motion to Suspend the Rules and Pass: H R 755 Promoting Transparency in Financial Reporting Act

 

OpenCongress Summary

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 The goals of these testimonies would be to change outdated standards, improve the usability of accounting and auditing liteature, encourage usage of interactive data, and promote disclosures in "plain English."
OpenCongress bill summaries are written by OpenCongress editors and are entirely independent of Congress and the federal government. For the summary provided by Congress itself, via the Congressional Research Service, see the "Official Summary" below.

Official 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), beginnin

Official 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 Financial Services of the House of Representatives on their efforts to reduce the complexity in financial reporting to provide more accurate and clear financial information to investors.

...Read the Rest




Vote on This Bill

-% Users Support Bill

0 in favor / 0 opposed
 

Send Your Rep a Letter

about this bill Support Oppose Tracking
Track with MyOC