H.R. 7245 · 117th Congress
PCAOB Whistleblower Protection Act of 2022
- Stage
- In committee
- Sponsor
- Sylvia Garcia
- Introduced
- 2022-03-28
- Latest action
- 2022-03-28 · Introduced in House
Summary
PCAOB Whistleblower Protection Act of 2022
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.