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H.R. 8983 116th Congress House

Small Business Audit Correction Act of 2020

Official title: To amend the Sarbanes-Oxley Act of 2002 to exclude the audits of privately held, non-custody brokers and dealers that are in good standing from certain require… Show full official titleShow less

Official title: To amend the Sarbanes-Oxley Act of 2002 to exclude the audits of privately held, non-custody brokers and dealers that are in good standing from certain requirements under title I of that Act, and for other purposes.

Introduced: December 16, 2020 Introduced by: J. French Hill Republican · Arkansas See on congress.gov
Finance and Financial Sector Accounting and auditingAdministrative law and regulatory proceduresBanking and financial institutions regulationSecuritiesSecurities 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
Dec 16, 2020
Referred to the House Committee on Financial Services.
Dec 16, 2020
Introduced in House
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 Latest action December 16, 2020

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Small Business Audit Correction Act of 2020

This bill exempts certain privately held, noncustody brokers and dealers in good standing from specified audit report requirements of the Public Company Accounting Oversight Board.

 Related & companion bills 1
  • S 2724 Small Business Audit Correction Act of 2019
 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. 8983: Small Business Audit Correction Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-8983/
MLA
"H.R. 8983: Small Business Audit Correction Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-8983/.
Bluebook (legal)
H.R. 8983, 116th Cong. (2026), https://openamerica.io/bill/116-HR-8983/.
Markdown link
[H.R. 8983: Small Business Audit Correction Act of 2020](https://openamerica.io/bill/116-HR-8983/)
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