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HR 4565 116th Congress House

Responsible Accounting Standards Act of 2019

Official title: To amend the Securities Act of 1933 to require the Securities and Exchange Commission to issue a rule to apply the Administrative Procedure Act to the adoption… Show full official titleShow less

Official title: To amend the Securities Act of 1933 to require the Securities and Exchange Commission to issue a rule to apply the Administrative Procedure Act to the adoption of accounting principles by the standard setting body, and to require the standard setting body to consider, in adopting accounting principles, the impact such principles will have on the broader U.S. economy, market stability, and availability of credit.

Introduced: September 27, 2019 See on congress.gov
Finance and Financial Sector Accounting and auditingAdministrative law and regulatory proceduresBanking and financial institutions regulationCongressional oversight
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Credit and credit marketsEconomic performance and conditionsGovernment information and archivesGovernment studies and investigationsSecurities and Exchange Commission (SEC)
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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
Sep 27, 2019
Referred to the House Committee on Financial Services.
Sep 27, 2019
Introduced in House
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 Latest action September 27, 2019

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Responsible Accounting Standards Act of 2019

This bill requires a standard setting body to meet certain requirements when establishing generally accepted accounting principles for purposes of securities laws. Specifically, the standard setting body must follow certain administrative procedures when adopting accounting principles.

The Securities and Exchange Commission may recognize an accounting principle if the standard setting body considers the impact the accounting principle will have on the U.S. economy, market stability, and the availability of credit.

 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. 4565: Responsible Accounting Standards Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-4565/
MLA
"H.R. 4565: Responsible Accounting Standards Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-4565/.
Bluebook (legal)
H.R. 4565, 116th Cong. (2026), https://openamerica.io/bill/116-HR-4565/.
Markdown link
[H.R. 4565: Responsible Accounting Standards Act of 2019](https://openamerica.io/bill/116-HR-4565/)
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