# 119-s-2382: Trusted Foreign Auditing Act of 2025

119-s-2382, Trusted Foreign Auditing Act of 2025, is a 119th Congress bill sponsored by Sen. Scott, Rick [R-FL] (R-FL); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-s-2382
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2382
- Congress: 119
- Title: Trusted Foreign Auditing Act of 2025
- Status: introduced
- Introduced: 2025-07-22
- Sponsor: Sen. Scott, Rick [R-FL] (R-FL)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Tighten oversight of foreign-influenced auditors.** This bill would amend the Sarbanes-Oxley Act to define who counts as a "compromised auditor" and a "covered country," apply a trading prohibition when covered issuers use compromised auditors, and restrict public access to certain Board hearings about those cases. - Investors: Could face trading limits on securities of issuers that retain a compromised auditor and may see fewer public enforcement hearings about those audits. - Covered issuers and companies: An issuer headquartered in a covered country that uses a compromised auditor would trigger a trading prohibition and closer audit scrutiny. - Foreign accounting firms and affiliates: Branches or subsidiaries subject to a covered country's control or influence could be designated "compromised auditors" based on ownership, control, or ties to that government or ruling party. - The Board and enforcement process: Hearings under the amended rules would be closed to the public unless the compromised auditor is a party or the Board finds good cause and the parties agree, narrowing routine public access.

## Provisions PRIA read

- Limits on public audit oversight hearings: cost, medium. If enacted, the bill would make oversight hearings non-public by default. Hearings would be open only if a compromised auditor retained by a covered issuer is a party, or the Board orders public for good cause and the parties agree. The provision cross-references the bill's definitions of "compromi…
- New rules for compromised auditors: mixed, medium. If enacted, the bill would define who counts as a "compromised auditor." An auditor branch or subsidiary would be "compromised" if it is subject to, controlled by, or materially influenced by a covered foreign country, its officials, or its political party. The bill would also define "covered count…
- Trading and inspection limits for issuers: mixed, medium. If enacted, the bill would apply an existing trading ban to covered issuers headquartered in a covered country when those issuers use a compromised auditor for the listed audit. The bill would also tie the Board's inability-to-inspect rule specifically to auditors labeled as "compromised auditors."…

## Related bills

- 119-s-2120: Older Americans Act Reauthorization Act of 2025
- 119-s-1541: SHIPS for America Act of 2025
- 119-s-1748: Kids Online Safety Act
- 119-s-4782: ReportScams.gov Act
- 119-s-4280: SAFE Act
- 119-s-690: Overdose RADAR Act

## Sources
- [119-s-2382 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2382)

## Related
- [119-s-2120: Older Americans Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-s-2120)
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-4782: ReportScams.gov Act](https://policyrisk.com/legislation/119-s-4782)
- [119-s-4280: SAFE Act](https://policyrisk.com/legislation/119-s-4280)
- [119-s-690: Overdose RADAR Act](https://policyrisk.com/legislation/119-s-690)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2382 (as of 2025-12-21).