H.Amdt.456 to H.R.3763107th Congress (2001-2002)
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Description: H.Amdt. 456 — 107th Congress (2001-2002)
Amendment sought to establish capital standards for accounting companies that audit publicly traded companies; and require the SEC to set capital standards at a level no lower than half of the firm's annual audit revenues.
An amendment numbered 3 printed in House Report 107-418 to require auditors of publicly-traded companies to meet a minimum net capital requirement of not less than one-half of the annual audit revenue received by the accountant from issuers registered with the SEC.
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