H.R. 7245 · 117th Congress · House

PCAOB Whistleblower Protection Act of 2022

Active· Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined …
Introduced
Mar 28, 22
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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.