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HR 4886 99th Congress House

Financial Fraud Detection and Disclosure Act of 1986

Official title: A bill to amend the Securities Exchange Act of 1934 to require audits performed under the Federal securities laws to include reasonable procedures for financia… Show full official titleShow less

Official title: A bill to amend the Securities Exchange Act of 1934 to require audits performed under the Federal securities laws to include reasonable procedures for financial fraud detection, and to require that auditors report fraudulent activities to appropriate enforcement and regulatory authorities.

Introduced: May 22, 1986 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
Finance and Financial Sector AuditingCrime and Law EnforcementCrime preventionCriminal investigation
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Criminal justice informationFinancial statementsFraudInformation disclosure (Securities law)SecuritiesSecurities and InvestmentsSecurities regulationStandards
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This bill died when the 99th Congress ended
It never became law before the 99th Congress (1985–1986) 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 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
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 Latest action June 3, 1986

Referred to Subcommittee on Telecommunications, Consumer Protection and Finance.

 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.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 4886: Financial Fraud Detection and Disclosure Act of 1986. 99th Congress. Open America. https://openamerica.io/bill/99-HR-4886/
MLA
"H.R. 4886: Financial Fraud Detection and Disclosure Act of 1986." 99th Congress, 2026, Open America, https://openamerica.io/bill/99-HR-4886/.
Bluebook (legal)
H.R. 4886, 99th Cong. (2026), https://openamerica.io/bill/99-HR-4886/.
Markdown link
[H.R. 4886: Financial Fraud Detection and Disclosure Act of 1986](https://openamerica.io/bill/99-HR-4886/)
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