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HR 6416 109th Congress House

Financial Institutions Compliance Simplification Act

Official title: To amend the Sarbanes-Oxley Act of 2002 to exempt certain financial institutions from the internal control assessment requirement under such Act.

Introduced: December 7, 2006 See on congress.gov
Finance and Financial Sector Bank managementBank recordsFinancial statementsGovernment Operations and Politics
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 7, 2006
Referred to the House Committee on Financial Services.
Dec 7, 2006
Introduced in House
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 Latest action December 7, 2006

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Financial Institutions Compliance Simplification Act - Amends the Sarbanes-Oxley Act of 2002 to exempt certain insured depository institutions from its requirement that the annual management report contain an assessment of internal controls.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 6416: Financial Institutions Compliance Simplification Act. 109th Congress. Open America. https://openamerica.io/bill/109-HR-6416/
MLA
"H.R. 6416: Financial Institutions Compliance Simplification Act." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-6416/.
Bluebook (legal)
H.R. 6416, 109th Cong. (2026), https://openamerica.io/bill/109-HR-6416/.
Markdown link
[H.R. 6416: Financial Institutions Compliance Simplification Act](https://openamerica.io/bill/109-HR-6416/)
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