118th Congress · HOUSE BILLBILL

H.R. 6726 — Responsible Accounting Standards Act of 2023

“To amend the Securities Act of 1933 to require the accounting principles standard setting body to comply with the Administrative Procedure Act and the Government in the Sunshine Act, to require the head of such body to testify annually before Congress, and for other purposes.”

Finance and financial sector

Introduced Dec 12, 2023

Last action Dec 12, 2023

Pipeline · Bill → Law

Step 1

Introduced

Dec 12, 2023

Step 2

Referred

Dec 12, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill requires the standard-setting bodies of accounting principles to comply with provisions generally required of federal agencies, including those that apply to rulemaking procedures, cost benefit analysis of certain actions, and open meeting requirements. The standard-setting bodies must also testify annually before Congress.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Dec 12, 2023

Introduced in House

Dec 12, 2023

Referred to the House Committee on Financial Services.