Audit Integrity and Job Protection Act (H.R. 1564; 113th Congress)

113th CONGRESS

1st Session

H. R. 1564

IN THE HOUSE OF REPRESENTATIVES

April 15, 2013

Mr. Hurt (for himself and Mr. Meeks ) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Sarbanes-Oxley Act of 2002 to prohibit the Public Company Accounting Oversight Board from requiring public companies to use specific auditors or require the use of different auditors on a rotating basis.

=Section 1. Short title=

This Act may be cited as the “Audit Integrity and Job Protection Act”.

=Sec. 2. Limitation on authority relating to auditors=

Section 103 of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7213) is amended by adding at the end the following:

(e) Limitation on authority–
The Board shall have no authority under this title to require that audits conducted for a particular issuer in accordance with the standards set forth under this section be conducted by specific auditors, or that such audits be conducted for an issuer by different auditors on a rotating basis..