# 117-hr-6285: Accelerating Holding Foreign Companies Accountable Act

117-hr-6285, Accelerating Holding Foreign Companies Accountable Act, is a 117th Congress bill sponsored by Rep. Sherman, Brad [D-CA-32] (D-CA); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-6285
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-6285
- Congress: 117
- Title: Accelerating Holding Foreign Companies Accountable Act
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2021-12-14
- Sponsor: Rep. Sherman, Brad [D-CA-32] (D-CA)
- Cosponsors: 2
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Accelerating Holding Foreign Companies Accountable Act This bill revises provisions related to the required certification to the Securities and Exchange Commission by certain publicly traded companies that they are not owned or controlled by a foreign government. Under current law, a company must make this certification if the Public Company Accounting Oversight Board is unable to audit specified reports because the company has retained a foreign public accounting firm not subject to inspection by the board due to a position taken by an authority in that foreign jurisdiction. Under this bill, a company must submit this certification if a position taken by any foreign government (not only the foreign government in which the firm is located) prevents inspection of the firm. Furthermore, under current law, if the board is unable to inspect the company's public accounting firm for three consecutive years, the company's securities are banned from trade on a national exchange or through other methods. The bill reduces this time to two consecutive years.

## Cosponsors (2)

- Rep. Spartz, Victoria [R-IN-5] (R-IN), 2021-12-14T00:00:00.000Z
- Rep. Barr, Andy [R-KY-6] (R-KY), 2021-12-14T00:00:00.000Z

## Related bills

- 117-hr-2471: Consolidated Appropriations Act, 2022
- 117-hr-1448: PAWS for Veterans Therapy Act
- 117-hr-1057: Greatest Generation Commemorative Coin Act
- 117-hr-3855: Accounting STEM Pursuit Act of 2021
- 117-hr-3642: Harlem Hellfighters Congressional Gold Medal Act
- 117-hres-39: Honoring the bravery and self-sacrifice by officers of the United States Capitol Police and other Federal, State, and local law enforcement agencies during the…

## Sources
- [117-hr-6285 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/6285)

## Related
- [117-hr-2471: Consolidated Appropriations Act, 2022](https://policyrisk.com/legislation/117-hr-2471)
- [117-hr-1448: PAWS for Veterans Therapy Act](https://policyrisk.com/legislation/117-hr-1448)
- [117-hr-1057: Greatest Generation Commemorative Coin Act](https://policyrisk.com/legislation/117-hr-1057)
- [117-hr-3855: Accounting STEM Pursuit Act of 2021](https://policyrisk.com/legislation/117-hr-3855)
- [117-hr-3642: Harlem Hellfighters Congressional Gold Medal Act](https://policyrisk.com/legislation/117-hr-3642)
- [117-hres-39: Honoring the bravery and self-sacrifice by officers of the United States Capito…](https://policyrisk.com/legislation/117-hres-39)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-6285 (as of 2025-11-18).