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H.R. 2664 111th Congress House

Promoting Transparency in Financial Reporting Act of 2009

Official title: To require annual oral testimony before the Financial Services Committee of the Chairperson or a designee of the Chairperson of the Securities and Exchange Com… Show full official titleShow less

Official title: To require annual oral testimony before the Financial Services Committee of the Chairperson or a designee of the Chairperson of the Securities and Exchange Commission, the Financial Accounting Standards Board, and the Public Company Accounting Oversight Board, relating to their efforts to promote transparency in financial reporting.

Introduced: June 2, 2009 See on congress.gov
Finance and Financial Sector Accounting and auditingBusiness recordsCongressional committeesCongressional oversight
More subjectsShow fewer subjects
Corporate finance and managementEvidence and witnessesFinancial services and investmentsHouse Committee on Financial ServicesHouse of RepresentativesSecurities and Exchange Commission (SEC)
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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 9 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 10, 2009
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 9, 2009
Motion to reconsider laid on the table Agreed to without objection.
Sep 9, 2009
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H9359)
Sep 9, 2009
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H9359)
Sep 9, 2009
DEBATE - The House proceeded with forty minutes of debate on H.R. 2664.
Sep 9, 2009
Considered under suspension of the rules. (consideration: CR H9359-9360)
Sep 9, 2009
Mr. Moore (KS) moved to suspend the rules and pass the bill.
Jun 2, 2009
Referred to the House Committee on Financial Services.
Jun 2, 2009
Introduced in House
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 Latest action September 10, 2009

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Promoting Transparency in Financial Reporting Act of 2009 - Requires the Securities and Exchange Commission (SEC), the Financial Accounting Standards Board (FASB), and the Public Company Accounting Oversight Board to present testimony annually for five years, beginning in 2009, to the Committee on Financial Services of the House of Representatives regarding their efforts to reduce the complexity in financial reporting and to provide more accurate and clear financial information to investors.

Requires such testimony to address the following issues: (1) reassessing complex and outdated accounting standards; (2) improving the understandability, consistency, and overall usability of accounting and auditing literature; (3) developing principles-based accounting standards; (4) encouraging the use and acceptance of interactive data; and (5) promoting disclosures in "plain English."


 Bill text 3 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Democratic 1
CASTLE, MICHAEL
· Jun 2, 2009
Davis, Geoff
· Jun 2, 2009
PUTNAM, ADAM
· Jun 2, 2009
 D
Scott, David
Georgia · Jun 2, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2664: Promoting Transparency in Financial Reporting Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-HR-2664/
MLA
"H.R. 2664: Promoting Transparency in Financial Reporting Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-2664/.
Bluebook (legal)
H.R. 2664, 111th Cong. (2026), https://openamerica.io/bill/111-HR-2664/.
Markdown link
[H.R. 2664: Promoting Transparency in Financial Reporting Act of 2009](https://openamerica.io/bill/111-HR-2664/)
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