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United States · Bill · S

S. 1731 (116th)

EQUITABLE Act

referredUnited States· United States Congress· EN

Introduced

5 June 2019

Last action

5 June 2019 · Introduced

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Sen. Rubio, Marco [R-FL], Sen. Menendez, Robert [D-NJ], Tom Cotton, Kirsten Gillibrand, Rep. Roberts, Pat [R-KS-1], Rick Scott

Subjects

Discovery layer

Source updated

5 December 2025

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Summary

Ensuring Quality Information and Transparency for Abroad-Based Listings on our Exchanges Act or the EQUITABLE Act This bill generally restricts the use of a foreign public accounting firm by a foreign issuer of securities. The bill requires certain disclosures from a foreign issuer of securities that uses, for its required audit report to the Securities and Exchange Commission (SEC), a foreign public accounting firm that is not subject to inspection by the Public Company Accounting Oversight Board. If an issuer uses such a foreign public accounting firm, the issuer is generally prohibited from listing its securities on a national securities exchange. Specifically, an issuer that is not currently listed on an exchange and uses such a firm may not be listed. A currently-listed issuer will be delisted beginning in 2025 if the issuer uses such a firm for three consecutive years.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 5 June 2019

    Introduced

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

  2. 5 June 2019

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

View fileDownload file

Sponsors

Related records

Sources

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