SB 112-37: Sarbanes-Oxley Reform Act (Passed)
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Author Topic: SB 112-37: Sarbanes-Oxley Reform Act (Passed)  (Read 853 times)
OSR stands with Israel
Computer89
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« Reply #25 on: December 11, 2022, 07:41:49 PM »
Aye
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Deep Dixieland Senator, Muad'dib (OSR MSR)
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« Reply #26 on: December 11, 2022, 09:42:47 PM »
Aye
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Senator Spiral
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« Reply #27 on: December 12, 2022, 12:12:36 PM »
Nay
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Devout Centrist
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« Reply #28 on: December 12, 2022, 07:34:23 PM »
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Saint Milei
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« Reply #29 on: December 12, 2022, 07:55:49 PM »
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Utah Neolib
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« Reply #30 on: December 12, 2022, 07:59:54 PM »
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Mr. Reactionary
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« Reply #31 on: December 14, 2022, 01:34:43 PM »
Bill passes 5-4-0-9
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Mr. Reactionary
blackraisin
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« Reply #32 on: December 14, 2022, 01:45:34 PM »
Quote
Quote
SARBANES-OXLEY REFORM ACT

SENATE BILL

to relax burdensome regulations on smaller companies

Be it enacted,



Quote
SECTION I: NAME

1. This act shall be called the Sarbanes-Oxley Reform Act.

SECTION II: EXEMPTION FOR SMALLER COMPANIES

1. The regulation requiring all publicly traded companies with an aggregate worldwide market value at $75 million to conduct a PCAOB approved audit each year shall be amended to exempt all such companies with an aggregate worldwide market value of $700 Million or less. Nothing in this section shall affect any criminal penalties for any crime committed by the publicly traded company. 17 CFR 240.12b-2 shall be amended accordingly.

SECTION III: TIME

1. This Act shall take effect July 1, 2023.

Passed 5-4-0-9 in the Atlasian Senate Assembled.

- R, PPT
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