,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #hhda  ,,in ,,the ,,house ,,of  
,,representatives  ,december #b1        
#bjbj,mr4 ,sherman 7for himself and ,mr4
 ,swalwell of ,california7 introduced   
the following bill2 which was referred  
to the ,committee on ,financial         
,services  ,a ,,bill  ,to amend the     
,securities ,exchange ,act of #aicd to  
require that certain issuers make       
disclosures regarding general ledger    
accounts reconciliation1 and for other  
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,internal ,control  
,disclosure ,improvement ,act of #bjbj4 
#b4 ,general ledger accounts            
reconciliation ,section #ac of the      
,securities ,exchange ,act of #aicd 7#ae
 ,u4,s4,c4 #ghm7 is amended by adding at
 the end the following3  7s7 ,general   
ledger accounts reconciliation  7#a7 ,in
 general ,each covered issuer required  
to file an annual or quarterly report   
under subsection 7a7 shall disclose in  
that report whether such covered issuer 

has1 at the time of such report1        
completed a general ledger accounts     
reconciliation for the most recent      
fiscal quarter and most recent fiscal   
year1 respectively4  7#b7 ,covered      
issuer defined ,for purposes of this    
subsection1 the term covered issuer     
means an issuer with respect to which a 
civil or criminal penalty has been      
imposed under the securities laws by    
reason of the internal control over     
financial reporting of such issuer      
related to the failure of such issuer to
 reconcile general ledger accounts4  4