US Congress House Bill 2664 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: Engrossed on September 10 2009 - 50% progression, died in chamber
Action: 2009-09-10 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Text: Latest bill text (Engrossed) [PDF]

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 Requires such testimony to address the following issues: (1) reassessing complex and outdated accounting standards; (2) improving the understandability, consistency, and overall usability of accounting and auditing literature; (3) developing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."

Promoting Transparency in Financial Reporting Act of 2009

Rep. Michael Castle [R-DE]	Rep. Geoff Davis [R-KY]	Rep. Christopher Lee [R-NY]	Rep. Adam Putnam [R-FL]
Rep. David Scott [D-GA]

Date	Chamber	Action
2009-09-10		Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2009-09-09		Motion to reconsider laid on the table Agreed to without objection.
2009-09-09		On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H9359)
2009-09-09		DEBATE - The House proceeded with forty minutes of debate on H.R. 2664.
2009-09-09		Considered under suspension of the rules. (consideration: CR H9359-9360)
2009-09-09		Mr. Moore (KS) moved to suspend the rules and pass the bill.
2009-06-02		Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/2664/all-info
Text	https://www.congress.gov/111/bills/hr2664/BILLS-111hr2664ih.pdf
Text	https://www.congress.gov/111/bills/hr2664/BILLS-111hr2664eh.pdf