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2026-07-06 10:51:44 -04:00

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LegalText 15 U.S.C. § 7202 Commission rules and enforcement us united_states_code code_section 15 COMMERCE AND TRADE 98 PUBLIC COMPANY ACCOUNTING REFORM AND CORPORATE RESPONSIBILITY 7202 15 U.S.C. § 7202 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip /us/usc/t15/s7202 data/legal/raw/us/code/title-15/usc15.xml 8cc7d71a60dcabd9ee24f6a69a123e6ded84089e32c53213b9c8daf2c5094779 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 2e616279577dad0e11d9abf15a2d07fc8d5ceff8a02987107eddf74e4dee26ee 2026-07-04 official
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15 U.S.C. § 7202 - Commission rules and enforcement

Text

(a) Regulatory action The Commission shall promulgate such rules and regulations, as may be necessary or appropriate in the public interest or for the protection of investors, and in furtherance of this Act.

(b) Enforcement (1) In general A violation by any person of this Act, any rule or regulation of the Commission issued under this Act, or any rule of the Board shall be treated for all purposes in the same manner as a violation of the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) or the rules and regulations issued thereunder, consistent with the provisions of this Act, and any such person shall be subject to the same penalties, and to the same extent, as for a violation of that Act or such rules or regulations.

(2) to (4) Omitted

(c) Effect on Commission authority Nothing in this Act or the rules of the Board shall be construed to impair or limit—

(1) the authority of the Commission to regulate the accounting profession, accounting firms, or persons associated with such firms for purposes of enforcement of the securities laws;

(2) the authority of the Commission to set standards for accounting or auditing practices or auditor independence, derived from other provisions of the securities laws or the rules or regulations thereunder, for purposes of the preparation and issuance of any audit report, or otherwise under applicable law; or

(3) the ability of the Commission to take, on the initiative of the Commission, legal, administrative, or disciplinary action against any registered public accounting firm or any associated person thereof.

(Pub. L. 107204, § 3, July 30, 2002, 116 Stat. 749.)

Notes

Editorial Notes

References in TextThis Act, referred to in text, is Pub. L. 107204, July 30, 2002, 116 Stat. 745, known as the Sarbanes-Oxley Act of 2002. For complete classification of this Act to the Code, see Tables. The Securities Exchange Act of 1934, referred to in subsec. (b)(1), is act June 6, 1934, ch. 404, 48 Stat. 881, which is classified principally to chapter 2B (§ 78a et seq.) of this title. For complete classification of this Act to the Code, see section 78a of this title and Tables.

Codification Section is comprised of section 3 of Pub. L. 107204. Subsec. (b)(2)(4) of section 3 of Pub. L. 107204 amended sections 78l, 78u, and 78u3 of this title.