HR 5635
107th Congress
House
Government Operations and Politics
Accounting
Accounting and financial statements
Business records
Commerce
Corporate collapse
Corporate governance
Corporation directors
Debarment of government contractors
Executives
Finance and Financial Sector
Financial statements
Government paperwork
Government publicity
Information disclosure (Securities law)
Securities regulation
Subcontractors
Responsibility in Federal Contracts Act
Introduced: October 10, 2002
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 21, 2002
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, for a period to be subsequently determined by the Chairman.
Oct 10, 2002
Referred to the Committee on Government Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Oct 10, 2002
Introduced in House
Plain-English summary
Responsibility in Federal Contracts Act - Prohibits the Federal government from entering into, or approving any subcontract under, a contract with any company filing certain periodic reports under the Securities Exchange Act of 1934 if, before the date on which the contract is expected to be awarded, a specified certification required under the Sarbanes-Oxley Act of 2002 has not been made for the most recent periodic report due before such date.
Retains such prohibition for the one-year period beginning on the date that the most recent periodic report was due.
Authorizes the President to waive the prohibition if he determines that it is in the national security interest.
Requires the Securities and Exchange Commission to make available to the public on a quarterly basis a list of companies that have failed to make the certification required under the Sarbanes-Oxley Act of 2002.
What's happening now
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, for a period to be subsequently determined by the Chairman.
Committees of jurisdiction
3
Cosponsors
1