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 measure has not been amended since it was reported to the House on July 17, 2006. The summary of that version is repeated here.)
Promoting Transparency in Financial Reporting Act of 2006 - 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.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by Voice Vote.
Reported (Amended) by the Committee on Financial Services. H. Rept. 109-565.
Reported (Amended) by the Committee on Financial Services. H. Rept. 109-565.
Placed on the Union Calendar, Calendar No. 321.
Mr. Davis (KY) moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H5754-5755)
DEBATE - The House proceeded with forty minutes of debate on H.R. 5024.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H5754)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5754)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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