Keep the Government Working Act
SENATE BILL
To reform regulatory laws
Be it enacted,
Section I: Repeal1. SB 110-05 No More Chevron Deference Act is hereby repealed.
Section II: Reform1. SB 112-37 Sarbanes-Oxley Reform Act shall be amended as follows:
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 include exclude all such companies with an aggregate worldwide market value of $50 Million or more $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: Implementation1. This act takes effect immediately.
Sponsor: NYE (originally Pyro)
Occupying: Slot 4