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Sarbanes Oxley
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SECTION 1.
SHORT TITLE; TABLE OF CONTENTS.
(a) SHORT
TITLE.—This
Act may be cited as the ‘‘Sarbanes-
Oxley Act of 2002’’.
(b) TABLE
OF CONTENTS.—The
table of contents for this Act
is as follows:
Sec. 1. Short title; table of contents.
Sec. 2. Definitions.
Sec. 3. Commission rules and enforcement.
TITLE I—PUBLIC COMPANY ACCOUNTING OVERSIGHT
BOARD
Sec. 101. Establishment; administrative
provisions.
Sec. 102. Registration with the Board.
Sec. 103. Auditing, quality control, and
independence standards and rules.
Sec. 104. Inspections of registered public
accounting firms.
Sec. 105. Investigations and disciplinary
proceedings.
Sec. 106. Foreign public accounting firms.
Sec. 107. Commission oversight of the Board.
Sec. 108. Accounting standards.
Sec. 109. Funding.
TITLE II—AUDITOR INDEPENDENCE
Sec. 201. Services outside the scope of
practice of auditors.
Sec. 202. Preapproval requirements.
Sec. 203. Audit partner rotation.
Sec. 204. Auditor reports to audit committees.
Sec. 205. Conforming amendments.
Sec. 206. Conflicts of interest.
Sec. 207. Study of mandatory rotation of
registered public accounting firms.
Sec. 208. Commission authority.
Sec. 209. Considerations by appropriate State
regulatory authorities.
TITLE III—CORPORATE RESPONSIBILITY
Sec. 301. Public company audit committees.
Sec. 302. Corporate responsibility for
financial reports.
Sec. 303. Improper influence on conduct of
audits.
Sec. 304. Forfeiture of certain bonuses and
profits.
Sec. 305. Officer and director bars and
penalties.
Sec. 306. Insider trades during pension fund
blackout periods.
Sec. 307. Rules of professional responsibility
for attorneys.
Sec. 308. Fair funds for investors.
TITLE IV—ENHANCED FINANCIAL DISCLOSURES
Sec. 401. Disclosures in periodic reports.
Sec. 402. Enhanced conflict of interest
provisions.
Sec. 403. Disclosures of transactions
involving management and principal
stockholders.
Sec. 404. Management assessment of internal
controls.
Sec. 405. Exemption.
Sec. 406. Code of ethics for senior financial
officers.
Sec. 407. Disclosure of audit committee
financial expert.
Sec. 408. Enhanced review of periodic
disclosures by issuers.
Sec. 409. Real time issuer disclosures.
TITLE V—ANALYST CONFLICTS OF INTEREST
Sec. 501. Treatment of securities analysts by
registered securities associations and
national securities exchanges.
TITLE VI—COMMISSION RESOURCES AND AUTHORITY
Sec. 601. Authorization of appropriations.
Sec. 602. Appearance and practice before the
Commission.
Sec. 603. Federal court authority to impose
penny stock bars.
Sec. 604. Qualifications of associated persons
of brokers and dealers.
TITLE VII—STUDIES AND REPORTS
Sec. 701. GAO study and report regarding
consolidation of public accounting firms.
Sec. 702. Commission study and report
regarding credit rating agencies.
Sec. 703. Study and report on violators and
violations
Sec. 704. Study of enforcement actions.
Sec. 705. Study of investment banks.
TITLE VIII—CORPORATE AND CRIMINAL FRAUD
ACCOUNTABILITY
Sec. 801. Short title.
Sec. 802. Criminal penalties for altering
documents.
Sec. 803. Debts nondischargeable if incurred
in violation of securities fraud laws.
Sec. 804. Statute of limitations for
securities fraud.
Sec. 805. Review of Federal Sentencing
Guidelines for obstruction of justice and
extensive
criminal fraud.
Sec. 806. Protection for employees of publicly
traded companies who provide evidence
of fraud.
Sec. 807. Criminal penalties for defrauding
shareholders of publicly traded companies.
TITLE IX—WHITE-COLLAR CRIME PENALTY
ENHANCEMENTS
Sec. 901. Short title.
Sec. 902. Attempts and conspiracies to commit
criminal fraud offenses.
Sec. 903. Criminal penalties for mail and wire
fraud.
Sec. 904. Criminal penalties for violations of
the Employee Retirement Income Security
Act of 1974.
Sec. 905. Amendment to sentencing guidelines
relating to certain white-collar offenses.
Sec. 906. Corporate responsibility for
financial reports.
TITLE X—CORPORATE TAX RETURNS
Sec. 1001. Sense of the Senate regarding the
signing of corporate tax returns by
chief executive officers.
TITLE XI—CORPORATE FRAUD AND ACCOUNTABILITY
Sec. 1101. Short title.
Sec. 1102. Tampering with a record or
otherwise impeding an official proceeding.
Sec. 1103. Temporary freeze authority for the
Securities and Exchange Commission.
Sec. 1104. Amendment to the Federal Sentencing
Guidelines.
Sec. 1105. Authority of the Commission to
prohibit persons from serving as officers
or directors.
Sec. 1106. Increased criminal penalties under
Securities Exchange Act of 1934.
Sec. 1107. Retaliation against informants.
Return to Index
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