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United States · Law · S

S. 3850 (109th)

Credit Rating Agency Reform Act of 2006

enactedUnited States· United States Congress· EN

Introduced

6 September 2006

Last action

Status

Became Public Law No: 109-291.

Sponsors

Subjects

Discovery layer

Source updated

9 March 2026

Summary

Credit Rating Agency Reform Act of 2006 - Amends the Securities Exchange Act of 1934 to require nationally recognized statistical rating organizations (NRSROs) to register with the Securities and Exchange Commission (SEC), which is granted enforcement powers. Prescribes requirements for prevention of the misuse of nonpublic information and for management of conflicts of interest. Directs the SEC to issue final rules to prohibit unfair, coercive, or abusive acts or practices by NRSROs. Requires an NRSRO to: (1) designate a compliance officer to ensure compliance with securities laws, rules, and regulations; and (2) furnish to the SEC financial statements certified by an independent public accountant.

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Documents

13 official files

Enrolled Bill (text)

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Sources

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