S 391
A bill to clarify that funding for the Public Company Accounting Oversight Board is not subject to the sequester.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill aims to ensure the Public Company Accounting Oversight Board (PCAOB) receives consistent funding, regardless of automatic spending cuts known as sequestration. Currently, the PCAOB is subject to sequestration, which could lead to reduced funding. This legislation clarifies that sequestration rules do not apply to the PCAOB’s budget, protecting its ability to effectively oversee public accounting firms.
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Primary sponsor
Michael B. Enzi
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