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Small Business Audit Correction Act of 2022

12/29/2022, 4:48 PM

Congressional Summary of S 4292

Small Business Audit Correction Act of 2022

This bill exempts certain privately held, noncustody brokers and dealers in good standing from specified audit report requirements of the Public Company Accounting Oversight Board.

Current Status of Bill S 4292

Bill S 4292 is currently in the status of Bill Introduced since May 24, 2022. Bill S 4292 was introduced during Congress 117 and was introduced to the Senate on May 24, 2022.  Bill S 4292's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of May 24, 2022

Bipartisan Support of Bill S 4292

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
1
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 4292

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 4292

Small Business Audit Correction Act of 2022
Small Business Audit Correction Act of 2022
A bill to amend the Sarbanes-Oxley Act of 2002 to exclude the audits of privately held, non-custody brokers and dealers that are in good standing from certain requirements under title I of that act, and for other purposes.

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