H.R.3617: Accountability for Accountants Act of 2002

About This Bill

  • This bill was introduced in the 107th Congress
  • This bill is primarily about congress
  • Introduced Jan. 23, 2002
  • Latest Major Action Feb. 11, 2002

Bill Summary

Accountability for Accountants Act of 2002 - Amends the Securities Exchange Act of 1934 to extend joint and several liability to an auditor of financial statements: (1) who has been found by a jury to have failed to detect and report illegal acts of the issuer of securities that are the subject of a class action; (2) who has performed non-audit functions for such issuer during the time within which an alleged violation of securities occurred;...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Jan. 23, 2002

Introduced in the House by Edward J. Markey (D-Mass.)

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