SEC Reform and Restructuring Act

(a) Short title. This Act may be cited as the SEC Reform and Restructuring Act.

(b) Table of contents. The table of contents for this Act is as follows: Sec. 1. Short title; table of contents.Title I—SEC Regulatory AccountabilitySec. 101. Consideration by the Securities and Exchange Commission of the costs and benefits of regulations and certain other agency actions of the Commission.Title II—SEC TransparencySec. 201. Semiannual testimony to Congress regarding activities of the Securities and Exchange Commission.Title III—SEC CybersecuritySec. 301. GAO audit of information technology infrastructure and handling of data.Title IV—Review the Expansion of GovernmentSec. 401. Consideration of cumulative effect of regulations required.Title V—Streamlining Public Company Accounting OversightSec. 501. Transfer of Public Company Accounting Oversight Board to Securities and Exchange Commission.Sec. 502. Establishment; administrative provisions.Sec. 503. Registration with the Office.Sec. 504. Auditing, quality control, standards, and rules.Sec. 505. Foreign public accounting firms.Sec. 506. Funding.Sec. 507. Definitions.Sec. 508. Technical and conforming amendments.Sec. 509. Rule of construction with respect to cooperative arrangements.Sec. 510. Regulations.Sec. 511. Effective date.Title VI—Study Regarding Major Rules Issued by the Securities and Exchange CommissionSec. 601. GAO study regarding major rules.Title VII—Minimum public comment periodSec. 701. Minimum public comment period.Title VIII—Securities Enforcement ClaritySec. 801. Determination of the number of violations.Title IX—SEC ModernizationSec. 901. Commission organization.