,,ii  #aai? ,,congress  #b;d ,session   
,s4 #cijg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,febru>y #bd1 #bjbf,mr4
 ,re$ introduc$ ! foll[+ bill2 :i* 0    
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,,g5ius ,act to      
require =eign paym5t /ableco9 issu]s to 
und]go an annual audit simil> to ,unit$ 
,/ates paym5t /ableco9 issu]s1 & = o!r  
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,=eign ,/ableco9           
,transp>5cy ,act4  #b4 ,am5dm5ts to     
=eign paym5t /ableco9 issu] exception   
,section #ah ( ! ,,g5ius ,act 7#ab      
,u4,s4,c4 #eiaf7 is am5d$-- 7#a7 9      
subsection 7a71 by add+ at ! end !      
foll[+3  7#e7 ,if ! =eign paym5t        
/ableco9 issu] has m ?an #ej1jjj1jjj1jjj
 9 consolidat$ total out/&+ issuance &  
is n subject to ! report+ requirem5ts "u
 section #ac7;a7 or #ae7;d7 ( !         
,securities & ,ex*ange ,act ( #aicd 7#ae
 ,u4,s4,c4 #ghm1 #gho7d771 ! =eign      
paym5t /ableco9 issu]-- 7,a7 prep>es1 9 

accordance ) g5]ally accept$ acc\nt+    
pr9ciples1 an annual f9ancial /atem5t1  
:i* includes ! disclosure ( any relat$  
p>ty transactions1 z def9$ by su*       
g5]ally accept$ acc\nt+ pr9ciples2 &    
7,b7 engages a regi/]$ public acc\nt+   
firm to p]=m an audit ( ! annual        
f9ancial /atem5t "u subp>agraph 7,a7 t  
is conduct$ 9 accordance ) all          
applicable audit+ /&>ds e/abli%$ by !   
,public ,company ,acc\nt+ ,ov]sight     
,bo>d1 includ+ ^? relat+ to auditor     
indep5d5ce1 int]nal controls1 & relat$  
p>ty transactions4  2 &  7#b7 by add+ at
 ! end ! foll[+3  7e7 ,rule (           
con/ruction ,no?+ 9 ?is section %all be 
con/ru$ to limit1 alt]1 or exp& !       
jurisdiction ( ! ,public ,company       
,acc\nt+ ,ov]sight ,bo>d ov] p]mitt$    
paym5t /ableco9 issu]s or regi/]$ public
 acc\nt+ firms4  4