H.R. 3625 · 116th Congress
PCAOB Whistleblower Protection Act of 2019
- Stage
- Passed a chamber
- Sponsor
- Sylvia Garcia
- Introduced
- 2019-07-05
- Latest action
- 2019-09-23 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
PCAOB Whistleblower Protection Act of 2019
This bill establishes a whistleblower protection program at the Public Company Accounting Oversight Board (PCAOB). Specifically, individuals reporting information to the PCAOB regarding securities law violations relating to audits (1) are protected from retaliation by an employer, and (2) could be eligible for a monetary reward. The reward program applies to individuals who voluntarily report original information that results in the PCAOB imposing civil penalties exceeding $250,000.