This legislation, titled the PCAOB Enforcement Transparency Act of 2025, aims to significantly increase transparency within the Public Company Accounting Oversight Board's disciplinary framework. It achieves this by amending the Sarbanes-Oxley Act of 2002 to revise how the PCAOB conducts its disciplinary proceedings and publishes its findings. A key provision mandates that disciplinary hearings conducted by the PCAOB will now be open to the public by default , a change from the current practice where they are generally private. The Board retains the discretion to close a hearing if deemed necessary. Furthermore, the bill removes the requirement to wait for any stay on sanctions to be lifted before publishing disciplinary determinations , allowing for their immediate public disclosure .
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S6793)
PCAOB Enforcement Transparency Act of 2025
USA119th CongressS-2919| Senate
| Updated: 9/19/2025
This legislation, titled the PCAOB Enforcement Transparency Act of 2025, aims to significantly increase transparency within the Public Company Accounting Oversight Board's disciplinary framework. It achieves this by amending the Sarbanes-Oxley Act of 2002 to revise how the PCAOB conducts its disciplinary proceedings and publishes its findings. A key provision mandates that disciplinary hearings conducted by the PCAOB will now be open to the public by default , a change from the current practice where they are generally private. The Board retains the discretion to close a hearing if deemed necessary. Furthermore, the bill removes the requirement to wait for any stay on sanctions to be lifted before publishing disciplinary determinations , allowing for their immediate public disclosure .