H.R. 1564 - Audit Integrity and Job Protection Act

Finance and financial sector. 113th Congress (2013-2014) View bill details
Sponsor:
Summary:
To amend the Sarbanes-Oxley Act of 2002 to prohibit the Public Company Accounting Oversight Board from requiring public companies to use specific auditors or require the use of different auditors on a rotating basis. (by CRS) 
Status:
The bill was voted on in the House on July 8, 2013 
House Vote: On Passage

PASSED on July 8, 2013.

voted YES: 0 voted NO: 0
1 voted present/not voting

Other Votes:

Audit Integrity and Job Protection Act

H.R. 1564 — 113th Congress (2013–2014)

Summary
To amend the Sarbanes-Oxley Act of 2002 to prohibit the Public Company Accounting Oversight Board from requiring public companies to use specific auditors or require the use of different auditors on a rotating basis. (by CRS)
Learn More
At OpenCongress
Title
To amend the Sarbanes-Oxley Act of 2002 to prohibit the Public Company Accounting Oversight Board from requiring public companies to use specific auditors or require the use of different auditors on a rotating basis.
Other Titles
  • Audit Integrity and Job Protection Act
  • Audit Integrity and Job Protection Act
  • Audit Integrity and Job Protection Act
  • Audit Integrity and Job Protection Act
Sponsor
Robert Hurt
Co-Sponsors
Subjects
  • Finance and financial sector
  • Accounting and auditing
  • Administrative law and regulatory procedures
  • Congressional oversight
  • Corporate finance and management
  • Financial services and investments
  • Government corporations and government-sponsored enterprises
  • Government studies and investigations
  • Securities
Related Bills
Major Actions
Introduced4/15/2013
Referred to Committee
Passed House7/08/2013
Bill History
Chamber/CommitteeMotionDateResult
currently selectedHouseH.R. 1564 (113th): Audit Integrity and Job Protection Act7/08/2013This bill PASSED the House
0 voted YES 0 voted NO 1 voted present/not voting
ActionDateDescription
Introduced4/15/2013
4/15/2013Referred to the House Committee on Financial Services.
4/15/2013Introduced in House
5/23/2013Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
6/19/2013Committee Consideration and Mark-up Session Held.
Put on a legislative calendar6/19/2013Ordered to be Reported (Amended) by the Yeas and Nays: 52 - 0.
7/08/2013Reported (Amended) by the Committee on Financial Services. H. Rept. 113-142.
Put on a legislative calendar7/08/2013Placed on the Union Calendar, Calendar No. 103.
7/08/2013Mr. Hurt moved to suspend the rules and pass the bill, as amended.
7/08/2013Considered under suspension of the rules.
7/08/2013DEBATE - The House proceeded with forty minutes of debate on H.R. 1564.
7/08/2013At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
7/08/2013Considered as unfinished business.
7/08/2013Motion to reconsider laid on the table Agreed to without objection.
currently selectedHouse Vote on Passage7/08/2013H.R. 1564 (113th): Audit Integrity and Job Protection Act
7/09/2013Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
NumberSponsorDate OfferedStatus

Total contributions given to John A. Boehner from interest groups that…

supported this bill

Security brokers & investment companies$438,330
Insurance companies, brokers & agents$249,275
Real Estate developers & subdividers$246,550
Restaurants & drinking establishments$146,400
Tobacco & Tobacco products$137,700
Residential construction$106,200
Accountants$105,454
Life insurance$91,500
Finance, Insurance & Real Estate$73,615
Financial services & consulting$37,950
Building operators and managers$32,885
Other financial services$23,750
Insurance$21,810
Retail trade$18,750
General business associations$10,100
Other real estate services$8,700
Pro-business associations$7,200
Savings banks & Savings and Loans$5,200
Chambers of commerce$3,950
Paints, Solvents & Coatings$3,700
Biotech products & research$2,000
$1,771,019

opposed this bill

Consumer groups$0
Labor Unions$0
Public official (elected or appointed)$0
$0

24 Organizations Supported and 3 Opposed; See Which Ones

Organizations that took a position on
Audit Integrity and Job Protection Act: H.R. 1564 (113th): Audit Integrity and Job Protection Act

24 organizations supported this bill

American Council of Life Insurers
undersigned organizations (2013, June 18). Business Organziations Letter to Chairman Hensarling and Ranking Member Waters. Retrieved July 8, 2013, from Center for Capital Markets.
American Institute of Certified Public Accountants
Barry C. Melancon, CPA, CGMA (2013, June 17). AICPA Letter to Members of the U.S. House of Representatives Committee on Financial Services. Retrieved July 8, 2013, from AICPA.
American Insurance Corporation
undersigned organizations (2013, June 18). Business Organziations Letter to Chairman Hensarling and Ranking Member Waters. Retrieved July 8, 2013, from Center for Capital Markets.
Barnert Associates, Inc.
undersigned organizations (2013, June 18). Business Organziations Letter to Chairman Hensarling and Ranking Member Waters. Retrieved July 8, 2013, from Center for Capital Markets.
Biotechnology Industry Organization
Tracy Cooley (2013, April 16). BIO Applauds Reps. Hurt and Meeks for Introducing H.R. 1564 to Avoid Burdensome Regulations. Retrieved July 8, 2013, from BIO.
Building Owners and Managers Association International
undersigned organizations (2013, June 18). Business Organziations Letter to Chairman Hensarling and Ranking Member Waters. Retrieved July 8, 2013, from Center for Capital Markets.
Business Roundtable
undersigned organizations (2013, June 18). Business Organziations Letter to Chairman Hensarling and Ranking Member Waters. Retrieved July 8, 2013, from Center for Capital Markets.
Competitive Enterprise Institute
undersigned organizations (2013, June 18). Business Organziations Letter to Chairman Hensarling and Ranking Member Waters. Retrieved July 8, 2013, from Center for Capital Markets.
CRE Finance Council
undersigned organizations (2013, June 18). Business Organziations Letter to Chairman Hensarling and Ranking Member Waters. Retrieved July 8, 2013, from Center for Capital Markets.
Financial Executives International
Marie N. Hollein (2013, June 18). FEI Letter to Chairman Hensarling and Ranking Member Waters. Retrieved July 8, 2013, from Financial Executives.
Financial Services Roundtable
undersigned organizations (2013, June 18). Business Organziations Letter to Chairman Hensarling and Ranking Member Waters. Retrieved July 8, 2013, from Center for Capital Markets.
Independent Community Bankers of America
Camden R. Fine (2013, June 18). ICBA Letter to Congressmen Hurt and Meeks. Retrieved July 8, 2013, from ICBA.
Investment Company Institute
undersigned organizations (2013, June 18). Business Organziations Letter to Chairman Hensarling and Ranking Member Waters. Retrieved July 8, 2013, from Center for Capital Markets.
National Association of Home Builders
undersigned organizations (2013, June 18). Business Organziations Letter to Chairman Hensarling and Ranking Member Waters. Retrieved July 8, 2013, from Center for Capital Markets.
National Association of Real Estate Investment Trusts
undersigned organizations (2013, June 18). Business Organziations Letter to Chairman Hensarling and Ranking Member Waters. Retrieved July 8, 2013, from Center for Capital Markets.
National Parking Association
undersigned organizations (2013, June 18). Business Organziations Letter to Chairman Hensarling and Ranking Member Waters. Retrieved July 8, 2013, from Center for Capital Markets.
National Restaurant Association
undersigned organizations (2013, June 18). Business Organziations Letter to Chairman Hensarling and Ranking Member Waters. Retrieved July 8, 2013, from Center for Capital Markets.
Property Casualty Insurers Association of America
undersigned organizations (2013, June 18). Business Organziations Letter to Chairman Hensarling and Ranking Member Waters. Retrieved July 8, 2013, from Center for Capital Markets.
Retail Industry Leaders Association
undersigned organizations (2013, June 18). Business Organziations Letter to Chairman Hensarling and Ranking Member Waters. Retrieved July 8, 2013, from Center for Capital Markets.
Reynolds American Inc.
undersigned organizations (2013, June 18). Business Organziations Letter to Chairman Hensarling and Ranking Member Waters. Retrieved July 8, 2013, from Center for Capital Markets.
RPM International
undersigned organizations (2013, June 18). Business Organziations Letter to Chairman Hensarling and Ranking Member Waters. Retrieved July 8, 2013, from Center for Capital Markets.
Society of Corporate Secretaries and Governance Professionals
Smith, Robert (2013, May 23). Written Testimony of Robert Smith Hearing on “Legislative Proposals to Relieve the Red Tape Burden on Investors and Job Creators”. Retrieved July 8, 2013, from House Subcommittee on Capital Markets and Government Sponsored Enterprises.
The Institute of Internal Auditors
Chambers, Richard F. (2013, July 8). Letter to the Hon Robert Hurt Regarding HR 1564. Retrieved July 31, 2013, from The Institute of Internal Auditors.
U.S. Chamber of Commerce
undersigned organizations (2013, June 18). Business Organziations Letter to Chairman Hensarling and Ranking Member Waters. Retrieved July 8, 2013, from Center for Capital Markets.

3 organizations opposed this bill

AFL-CIO
Silvers, Damon A. (2013, May 23). Testimony of Damon A. SilversHearing on Legislative Proposals to Relieve the Red Tape Burden on Investors and Job Creators. Retrieved July 8, 2013, from Subcommittee on Capital Markets and Government Sponsored Enterprises.
California Public Employees' Retirement System
Simpson, Anne (2013, May 23). Legislative Proposals to Relieve the Red Tape Burden on Investors and Job Creators. Retrieved July 8, 2013, from House Subcommittee on Capital Markets and Government Sponsored Enterprises.
Consumer Federation of America
Barbara Roper (2013, June 18). CFA Letter to Chairman Hensarling, Ranking Member Waters and Members of the Committee. Retrieved July 8, 2013, from CFA.

Need proof?

View citations of support and opposition

Includes reported contributions to congressional campaigns of John A. Boehner, who didn’t vote, from interest groups invested in the vote according to MapLight, January 1, 2013 – December 31, 2014.
Contributions data source: OpenSecrets.org

Add Data Filters:

Legislator Filters
Legislator Filters
NamePartyState$ From Interest Groups
That Supported
$ From Interest Groups
That Opposed
Vote
John A. BoehnerROH-8$1,771,019$0Not Voting

Interest Groups that supported this bill

$ Donated
Security brokers & investment companies$438,330
Insurance companies, brokers & agents$249,275
Real Estate developers & subdividers$246,550
Restaurants & drinking establishments$146,400
Tobacco & Tobacco products$137,700
Residential construction$106,200
Accountants$105,454
Life insurance$91,500
Finance, Insurance & Real Estate$73,615
Financial services & consulting$37,950
Building operators and managers$32,885
Other financial services$23,750
Insurance$21,810
Retail trade$18,750
General business associations$10,100
Other real estate services$8,700
Pro-business associations$7,200
Savings banks & Savings and Loans$5,200
Chambers of commerce$3,950
Paints, Solvents & Coatings$3,700
Biotech products & research$2,000

Interest Groups that opposed this bill

$ Donated
Public official (elected or appointed)$0
Labor Unions$0
Consumer groups$0
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