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S2919119th CongressWALLET

PCAOB Enforcement Transparency Act of 2025

Sponsored By: Senator Reed, Jack [D-RI]

Introduced

Summary

Greater public transparency in PCAOB enforcement. This bill would require PCAOB disciplinary hearings to be open to the public unless the Board orders otherwise and would remove the timing condition tied to stays so determinations can be published more promptly.

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  • Investors and the public: They would gain direct access to hearings and see enforcement determinations published sooner for earlier visibility into audit issues.
  • Auditors and accounting firms: Their disciplinary proceedings would generally be public and determinations could appear without waiting for stays to be lifted.
  • Public companies and corporate boards: Enforcement outcomes could show up faster in the public record, giving stakeholders quicker information about audit problems.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

More public access to accounting hearings

This bill would require PCAOB disciplinary hearings to be open to the public unless the Board orders them closed. It would also remove a timing phrase that tied publication of PCAOB disciplinary determinations to lifting any stay on sanctions. If enacted, the PCAOB could publish decisions sooner and the public would get earlier and more consistent access to enforcement proceedings. These changes would take effect upon enactment.

Sponsors & CoSponsors

Sponsor

Reed, Jack [D-RI]

RI • D

Cosponsors

  • Sen. Grassley, Chuck [R-IA]

    IA • R

    Sponsored 9/19/2025

Roll Call Votes

No roll call votes available for this bill.

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