{
  "id": "RL31879",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "RL31879",
  "active": false,
  "source": "EveryCRSReport.com",
  "versions": [
    {
      "source": "EveryCRSReport.com",
      "id": 101578,
      "date": "2003-04-23",
      "retrieved": "2016-04-08T14:47:30.346544",
      "title": "Securities Law: Sarbanes-Oxley Act of 2002 and Selected 108th Congress Bills Concerning Corporate Accountability",
      "summary": "On July 30, 2002, President Bush signed into law the Sarbanes-Oxley Act of 2002,  P.L. 107-204 . \nThis law has been described by some as the most important and far-reaching securities legislation\nsince passage of the Securities Act of 1933, 15 U.S.C. Sections 77a  et seq ., and the Securities\nExchange Act of 1934, 15 U.S.C. Sections 78a  et seq ., both of which were passed in the\nwake of\nthe Stock Market Crash of 1929.\n \n The Act establishes a new Public Company Accounting Oversight Board which is to be\nsupervised by the Securities and Exchange Commission. The Act restricts accounting firms from\nperforming a number of other services for the companies which they audit. The Act also requires\nnew disclosures for public companies and the officers and directors of those companies. Among the\nother issues affected by the new legislation are securities fraud, criminal and civil penalties for\nviolating the securities laws and other laws, blackouts for insider trades of pension fund shares, and\nprotections for corporate whistleblowers.\n \n The 108th Congress is also concerned with corporate responsibility, and several bills affecting\nsuch issues as SEC staffing, financial report certification, and corporate expatriation have been\nintroduced. These include  H.R. 275 ,  H.R. 657 ,  H.R. 658 ,\n H.R. 746 ,  H.R. 1000 ,  S. 183 ,  S. 476 , and\n S. 513 .",
      "type": "CRS Report",
      "typeId": "REPORTS",
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      "topics": []
    }
  ],
  "topics": [
    "Domestic Social Policy"
  ]
}