close
114th Congress: We're updating with new data as it becomes available.

H.R.2664 - Promoting Transparency in Financial Reporting Act of 2009

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

  • 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 2009 as introduced.
  • Short: Promoting Transparency in Financial Reporting Act of 2009 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: 1
  • Past Seven Days: 1
  • All-Time: 2,341
 
Introduced
 
House
Passed
 
Senate
Passes
 
President
Signs
 

 
06/02/09
 
09/09/09
 
 
 
 
 

Official Summary

Promoting Transparency in Financial Reporting Act of 2009 - Requires the Securities and Exchange Commission (SEC), the Financial Accounting Standards Board (FASB), and the Public Company Accounting Oversight Board to present testimony annually for five years, beginning in 2009, to the Commi

Official Summary

Promoting Transparency in Financial Reporting Act of 2009 - Requires the Securities and Exchange Commission (SEC), the Financial Accounting Standards Board (FASB), and the Public Company Accounting Oversight Board to present testimony annually for five years, beginning in 2009, to the Committee on Financial Services of the House of Representatives regarding their efforts to reduce the complexity in financial reporting and to provide more accurate and clear financial information to investors. Requires such testimony to address the following issues:
(1) reassessing complex and outdated accounting standards;
(2) improving the understandability, consistency, and overall usability of accounting and auditing literature;
(3) developing principles-based accounting standards;
(4) encouraging the use and acceptance of interactive data; and
(5) promoting disclosures in \"plain English.\"

...Read the Rest




Vote on This Bill

100% Users Support Bill

3 in favor / 0 opposed
 

Send Your Rep a Letter

about this bill Support Oppose Tracking
Track with MyOC