Companies using auditors from countries that threaten U.S. security would face trading bans.
This bill would make it harder for some companies to trade their shares in the U.S. It would define "compromised auditors" as those influenced by countries that threaten U.S. national security. If a company uses such an auditor, its stock could be banned from trading. This would affect both investors and the companies.
Today, the Public Company Accounting Oversight Board (PCAOB) inspects auditing firms, and trading bans can occur if a foreign government stops these inspections. After this bill, new definitions for "compromised auditor" and "covered country" would be added. Trading bans would specifically apply to companies based in a "country of concern" if they use a "compromised auditor," and PCAOB hearings involving these auditors would become public.
HR 4616 · 119th Congress · AI Summary by gemini-2.5-flash · 8/10
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2 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.