# 119-hr-4616: Trusted Foreign Auditing Act of 2025

119-hr-4616, Trusted Foreign Auditing Act of 2025, is a 119th Congress bill sponsored by Rep. Stefanik, Elise M. [R-NY-21] (R-NY); status introduced; PRIA reads it as touching household money (as of 2026-07-19).

- Canonical: https://policyrisk.com/legislation/119-hr-4616
- As of: 2026-07-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-4616
- Congress: 119
- Title: Trusted Foreign Auditing Act of 2025
- Status: introduced
- Introduced: 2025-07-22
- Sponsor: Rep. Stefanik, Elise M. [R-NY-21] (R-NY)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-07-19

## Summary

**Strengthens oversight of auditors tied to foreign governments** by creating a new "compromised auditor" label and expanding when trading and public hearings are restricted for issuers linked to risky countries. This focuses regulators on auditors or audit offices that are controlled by or subject to influence from countries identified as national security threats. - Companies and investors: Covered issuers headquartered in a "covered country" face a trading prohibition if they retain a compromised auditor, which can limit market activity for those issuers. - Auditors and accounting firms: "Compromised auditor" now covers registered firms, branches, or subsidiaries that are under the jurisdiction, control, or material influence of a covered country or that have arrangements with that government or its party that could impair independence. - Transparency and enforcement: Hearings under the law are closed to the public unless a compromised auditor is a party or the Accounting Board orders a public hearing for good cause with the parties' consent.

## Provisions PRIA read

- Trading bans and fewer public hearings: cost, medium. This bill would trigger a trading ban if two things are true: a covered issuer is headquartered in a country of concern, and it hires a compromised auditor to prepare a listed audit report. If both apply, buying or selling that company’s securities could be barred under the rule. The bill would als…
- New rules for foreign-linked auditors: mixed, medium. This bill would define a “compromised auditor.” It would cover an audit firm branch or subsidiary under the control or influence of a “covered country,” or with ties that could weaken audit independence. A “covered country” would include places named as national security threats in the most recent…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-2570: Maximum Pressure Act
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025
- 119-hr-7613: ALERT Act
- 119-hr-624: RIFLE Act of 2025
- 119-hr-4206: CONNECT for Health Act of 2025

## Sources
- [119-hr-4616 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/4616)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-2570: Maximum Pressure Act](https://policyrisk.com/legislation/119-hr-2570)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [119-hr-7613: ALERT Act](https://policyrisk.com/legislation/119-hr-7613)
- [119-hr-624: RIFLE Act of 2025](https://policyrisk.com/legislation/119-hr-624)
- [119-hr-4206: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-hr-4206)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-4616 (as of 2026-07-19).