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HR 4886 99th Congress House Finance and Financial Sector Auditing Crime and Law Enforcement Crime prevention Criminal investigation Criminal justice information Financial statements Fraud Information disclosure (Securities law) Securities Securities and Investments Securities regulation Standards

Financial Fraud Detection and Disclosure Act of 1986

Introduced: May 22, 1986 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 3, 1986
Referred to Subcommittee on Telecommunications, Consumer Protection and Finance.
May 22, 1986
Referred to House Committee on Energy and Commerce.
May 22, 1986
Introduced in House
 Plain-English summary Congressional Research Service

Financial Fraud Detection and Disclosure Act of 1986 - Amends the Securities Exchange Act of 1934 to prescribe auditing standards for the detection and disclosure of financial irregularities.

Requires auditors or examiners to report suspected illegal activity detected during an audit required by the securities laws to the Securities and Exchange Commission and to appropriate law enforcement authorities. Requires such Commission to report to the Attorney General and to appropriate law enforcement authorities the information received from auditors regarding suspected illegal activity.

What's happening now June 3, 1986

Referred to Subcommittee on Telecommunications, Consumer Protection and Finance.

 Committees of jurisdiction 2