H.R. 9329
SEC Reform and Restructuring Act
Sponsor: Ann Wagner
4 cosponsors
Official summary
No official summary yet.
Text of the bill
I SEC Regulatory Accountability
II SEC Transparency
III SEC Cybersecurity
IV Review the Expansion of Government
V Streamlining Public Company Accounting Oversight
Where this section came from
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Jun 18, 2026 · Introduced in House Referred to House Committee on Financial Services, Jun 18
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Sep 3, 2026 · Reported in House Marked up by House Committee on Financial Services, Jun 30 Reported by House Committee on Financial Services, Sep 3 Committee members' individual votes aren't in our records.
… 10 unchanged passages …
(A) in the heading, by striking the Board and inserting the
Office
Commission
;
… 12 unchanged passages …
(B) by striking 270 days after the date of enactment of this Act and inserting 1 year after the date of the enactment of the
Streamlining
SEC
Public
Reform
Company
and
Accounting
Restructuring
Oversight
Act; and
(C) by striking the last sentence;
(5) by striking subsections (e), (f),
(g),
and (
g
h
);
and
… 5 unchanged passages …
; and
(
7) by striking subsection (h). (
b) Publication of rules. The
Director
Commission
of the Office of Public Accounting Oversight
shall, promptly after the creation of the Office, cause to be published in the Federal Register
all
a
rules
notice
that
are
all
transferred
rules
to
of
the
jurisdiction
Public
of
Company
the
Accounting
Office
Oversight
pursuant
Board
to
shall
section
remain
2
in effect as Commission rules
upon the termination of the Public Company Accounting Oversight Board.
What is a markup?
A markup is a committee meeting where members go through a bill and vote on changes before sending it to the full chamber.
(a) In general. Section 101 of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7211) is amended—
(1) by amending subsection (a) to read as follows:
(a) Establishment of Office. There is established in the Office of the Chief Accountant of the Commission an Office of Public Accounting Oversight, to oversee the audit of companies that are subject to the securities laws, and related matters, in order to protect the interests of investors and further the public interest in the preparation of informative, accurate, and independent audit reports.
(2) by amending subsection (b) to read as follows:
(b) Director. The Chief Accountant of the Office of the Chief Accountant of the Commission shall serve as the Director of the Office of Public Accounting Oversight.
(3) in subsection (c)—
(A) in the heading, by striking the Board and inserting the Commission;
(B) by striking , subject to action by the Commission under section 107, and once a determination is made by the Commission under subsection (d) of this section;
(C) in paragraph (3), by striking section 104 and inserting subsection (e);
(D) in paragraph (4), by striking section 105 and inserting subsection (f);
(E) in paragraph (5)—
(i) by striking the Board (or the Commission, by rule or order) and inserting the Commission; and
(ii) by inserting and after the semicolon;
(F) in paragraph (6)—
(i) by striking the rules of the Board and inserting the rules of the Commission; and
(ii) by striking ; and and inserting a period; and
(G) by striking paragraph (7);
(4) in subsection (d)—
(A) by striking The members of the Board and inserting The Chief Accountant of the Commission;
(B) by striking 270 days after the date of enactment of this Act and inserting 1 year after the date of the enactment of the SEC Reform and Restructuring Act; and
(C) by striking the last sentence;
(5) by striking subsections (e), (f), (g), and (h); and
(6) by inserting after subsection (d) the following:
(e) Inspections of registered public accounting firms. The Office shall conduct a continuing program of inspections to assess the degree of compliance of each registered public accounting firm and associated persons of that firm with this Act, the rules of the Commission, or professional standards, in connection with its performance of audits, issuance of audit reports, and related matters involving issuers.
(f) Investigations and disciplinary proceedings. The Commission shall establish, by rule, fair procedures for the investigation and disciplining of registered public accounting firms and associated persons of such firms.
(b) Publication of rules. The Commission shall, promptly after the creation of the Office, cause to be published in the Federal Register a notice that all rules of the Public Company Accounting Oversight Board shall remain in effect as Commission rules upon the termination of the Public Company Accounting Oversight Board.
VI Study Regarding Major Rules Issued by the Securities and Exchange Commission
VII Minimum public comment period
VIII Securities Enforcement Clarity
IX SEC Modernization