,i  #aae? ,,congress  #b;d ,session  ,h4
 ,r4 #gbcd  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,decemb] #aj1         
#bjah,mr4 ,conaway introduc$ ! foll[+   
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices  ,a ,,bill  ,to am5d 
! ,s>banes-,oxley ,act ( #bjjb to       
require c]ta9 issu]s to disclose to !   
,securities & ,ex*ange ,commission      
in=mation reg>d+ =eign jurisdictions t  
prev5t ! ,public ,company ,acc\nt+      
,ov]sight ,bo>d f p]=m+ inspections "u t
 ,act1 & = o!r purposes4  #a4 ,%ort     
title ,?is ,act may be cit$ z ! ,hold+  
,=eign ,companies ,acc\ntable ,act4  #b4
 ,disclosure requirem5t ,section #ajd ( 
! ,s>banes-,oxley ,act ( #bjjb 7#ae     
,u4,s4,c4 #gbad7 is am5d$ by add+ at !  
end ! foll[+3  7i7 ,disclosure reg>d+   
=eign jurisdictions t prev5t inspections
  7#a7 ,def9ition ,9 ?is subsection1 !  
t]m cov]$ issu] means an issu] t is     
requir$ to file reports "u section #ac  
or #ae7;d7 ( ! ,securities ,ex*ange ,act
 ( #aicd 7#ae ,u4,s4,c4 #ghm2 #gho7d774 

7#b7 ,disclosure to ,commission ,!      
,commission %all-- 7,a7 id5tify ea*     
cov]$ issu] t1 ) respect to ! prep>ation
 ( ! audit report on ! cov]$ issu]'s    
f9ancial /atem5t t is includ$ 9 a report
 describ$ 9 p>agraph 7#a7 ) respect to !
 cov]$ issu]1 reta9s a regi/]$ public   
acc\nt+ firm to issue su* audit report  
t--  7i7 is locat$ 9 a =eign            
jurisdiction2 &  7ii7 ! ,bo>d is unable 
to inspect "u ?is section because ( !   
applicability ( ! laws or rules ( !     
=eign jurisdiction2 &  7,b7 require ea* 
cov]$ issu] id5tifi$ "u subp>agraph 7,a7
 to disclose on an annual basis to !    
,commission1 9 accordance ) ! rules     
issu$ by ! ,commission "u p>agraph      
7#c7--  7i7 ! provisions ( law or rule 9
 ! jurisdiction describ$ 9 subp>agraph  
7,a77i7 t prev5t ! ,bo>d f p]=m+ an     
inspection "u ?is section1 z describ$ 9 
subp>agraph 7,a77ii72 &  7ii7 ! date on 
:i* ^? provisions ( law or rule no long]
 prev5t ! ,bo>d f p]=m+ t inspection4   
7#c7 ,trad+ prohibition aft] #c ye>s (  

non-inspections  7,a7 ,9 g5]al ,if !    
,commission det]m9es t a cov]$ issu] has
 #c consecutive non-inspection ye>s1 !  
,commission %all prohibit ! securities (
 ! cov]$ issu] f be+ trad$ on a national
 securities ex*ange4  7,b7 ,removal (   
initial prohibition ,if1 aft] a         
prohibition requir$ "u subp>agraph 7,a71
 ! issu] subject to ! prohibition       
c]tifies to ! ,commission t ! issu] w   
reta9 a regi/]$ public acc\nt+ firm t ! 
,bo>d is able to inspect "u ?is section1
 ! ,commission %all end ! prohibition   
impos$ pursuant to subp>agraph 7,a74    
7,c7 ,recurr5ce ( non-inspection ye>s   
,if1 aft] ! end+ ( a prohibition "u     
subp>agraph 7,b7 or 7,d71 ! ,commission 
det]m9es t a cov]$ issu] has a          
non-inspection ye>1 ! ,commission %all  
prohibit ! securities ( ! cov]$ issu] f 
be+ trad$ on a national securities      
ex*ange4  7,d7 ,removal ( subsequ5t     
prohibition ,if1 aft] ! end ( a #e-ye>  
p]iod beg9n+ on ! date ( a prohibition  
requir$ "u subp>agraph 7,c71 ! issu]    

subject to ! prohibition c]tifies to !  
,commission t ! issu] w reta9 a regi/]$ 
public acc\nt+ firm t ! ,bo>d is able to
 inspect "u ?is section1 ! ,commission  
%all end ! prohibition impos$ pursuant  
to subp>agraph 7,c74  7,e7              
,non-inspection ye> def9$ ,= purposes ( 
?is p>agraph & ) respect to a cov]$     
issu]1 ! t]m non-inspection ye> means a 
ye>-- 7i7 dur+ :i* ! ,commission        
id5tifi$ ! cov]$ issu] "u p>agraph      
7#b77;,a7 ) respect to e report describ$
 9 p>agraph 7#a7 fil$ by ! cov]$ issu]  
dur+ su* ye>2 &  7ii7 t beg9s aft] !    
date ( ! enactm5t ( ?is subsection4     
7#d7 ,rules ,n lat] ?an #ij days aft] ! 
date ( enactm5t ( ?is subsection1 !     
,commission %all issue rules t e/abli% !
 mann] & =m 9 :i* a cov]$ issu] %all    
make a disclosure requir$ "u p>agraph   
7#b77;,b74  4