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HR 3124 116th Congress House Finance and Financial Sector Accounting and auditing Administrative law and regulatory procedures Asia Banking and financial institutions regulation Business records China Financial services and investments Foreign and international corporations Government information and archives Political parties and affiliation Securities Securities and Exchange Commission (SEC) U.S. and foreign investments

EQUITABLE Act of 2019

Introduced: May 15, 2020 See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Jun 5, 2019
Referred to the House Committee on Financial Services.
Jun 5, 2019
Introduced in House
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 Plain-English summary Congressional Research Service

Ensuring Quality Information and Transparency for Abroad-Based Listings on our Exchanges of 2019 or the EQUITABLE Act of 2019

This bill generally restricts the use of a foreign public accounting firm by a foreign issuer of securities.

The bill requires certain disclosures from a foreign issuer of securities that uses, for its required audit report to the Securities and Exchange Commission (SEC), a foreign public accounting firm that is not subject to inspection by the Public Company Accounting Oversight Board.

If an issuer uses such a foreign public accounting firm, the issuer is generally prohibited from listing its securities on a national securities exchange. Specifically, an issuer that is not currently listed on an exchange and uses such a firm may not be listed. A currently-listed issuer will be delisted beginning in 2025 if the issuer uses such a firm for three consecutive years.

What's happening now June 5, 2019

Referred to the House Committee on Financial Services.

 Related & companion bills 3
  • HR 7007 Related bill Compensation for Americans Act of 2020
  • S 1731 Related bill EQUITABLE Act
  • HR 7181 Related bill Holding China Accountable Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Republican 2
R
Norman, Ralph
South Carolina · May 28, 2020
Hagedorn, Jim
· May 22, 2020
 R
Marshall, Roger
Kansas · May 22, 2020
Rooney, Francis
· May 15, 2020
Gallagher, Mike
· Jun 5, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3124: EQUITABLE Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-3124/
MLA
"H.R. 3124: EQUITABLE Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-3124/.
Bluebook (legal)
H.R. 3124, 116th Cong. (2026), https://openamerica.io/bill/116-HR-3124/.
Markdown link
[H.R. 3124: EQUITABLE Act of 2019](https://openamerica.io/bill/116-HR-3124/)
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