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SECTION 1. SHORT TITLE; TABLE OF CONTENTS

(a) SHORT TITLE.—This Act may be cited as the ‘‘Sarbanes- Oxley Act of 2002’’.
(b) TABLE OF CONTENTS.—The table of contents for this Act is as follows:
    Sec. 1. Short title; table of contents.
    Sec. 2. Definitions.
    Sec. 3. Commission rules and enforcement.

TITLE I—PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD

    Sec. 101. Establishment; administrative provisions.
    Sec. 102. Registration with the Board.
    Sec. 103. Auditing, quality control, and independence standards and rules.
    Sec. 104. Inspections of registered public accounting firms.
    Sec. 105. Investigations and disciplinary proceedings.
    Sec. 106. Foreign public accounting firms.
    Sec. 107. Commission oversight of the Board.
    Sec. 108. Accounting standards.
    Sec. 109. Funding.

TITLE II—AUDITOR INDEPENDENCE

    Sec. 201. Services outside the scope of practice of auditors.
    Sec. 202. Preapproval requirements.
    Sec. 203. Audit partner rotation.
    Sec. 204. Auditor reports to audit committees.
    Sec. 205. Conforming amendments.
    Sec. 206. Conflicts of interest.
    Sec. 207. Study of mandatory rotation of registered public accounting firms.
    Sec. 208. Commission authority.
    Sec. 209. Considerations by appropriate State regulatory authorities.

TITLE III—CORPORATE RESPONSIBILITY

    Sec. 301. Public company audit committees.
    Sec. 302. Corporate responsibility for financial reports.
    Sec. 303. Improper influence on conduct of audits.
    Sec. 304. Forfeiture of certain bonuses and profits.
    Sec. 305. Officer and director bars and penalties.
    Sec. 306. Insider trades during pension fund blackout periods.
    Sec. 307. Rules of professional responsibility for attorneys.
    Sec. 308. Fair funds for investors.

TITLE IV—ENHANCED FINANCIAL DISCLOSURES

    Sec. 401. Disclosures in periodic reports.
    Sec. 402. Enhanced conflict of interest provisions.
    Sec. 403. Disclosures of transactions involving management and principal
                  stockholders. H. R. 3763—2
    Sec. 404. Management assessment of internal controls.
    Sec. 405. Exemption.
    Sec. 406. Code of ethics for senior financial officers.
    Sec. 407. Disclosure of audit committee financial expert.
    Sec. 408. Enhanced review of periodic disclosures by issuers.
    Sec. 409. Real time issuer disclosures.

TITLE V—ANALYST CONFLICTS OF INTEREST

    Sec. 501. Treatment of securities analysts by registered securities associations
                  and national securities exchanges.

TITLE VI—COMMISSION RESOURCES AND AUTHORITY

    Sec. 601. Authorization of appropriations.
    Sec. 602. Appearance and practice before the Commission.
    Sec. 603. Federal court authority to impose penny stock bars.
    Sec. 604. Qualifications of associated persons of brokers and dealers.

TITLE VII—STUDIES AND REPORTS

    Sec. 701. GAO study and report regarding consolidation of public
                  accounting firms.
    Sec. 702. Commission study and report regarding credit rating agencies.
    Sec. 703. Study and report on violators and violations
    Sec. 704. Study of enforcement actions.
    Sec. 705. Study of investment banks.

TITLE VIII—CORPORATE AND CRIMINAL FRAUD ACCOUNTABILITY

    Sec. 801. Short title.
    Sec. 802. Criminal penalties for altering documents.
    Sec. 803. Debts nondischargeable if incurred in violation of securities fraud laws.
                  criminal fraud.
    Sec. 806. Protection for employees of publicly traded companies who provide
                  evidence of fraud.
    Sec. 807. Criminal penalties for defrauding shareholders of publicly traded
                  companies.

TITLE IX—WHITE-COLLAR CRIME PENALTY ENHANCEMENTS

    Sec. 901. Short title.
    Sec. 902. Attempts and conspiracies to commit criminal fraud offenses.
    Sec. 903. Criminal penalties for mail and wire fraud.
    Sec. 904. Criminal penalties for violations of the Employee Retirement Income
                  Security Act of 1974.
    Sec. 905. Amendment to sentencing guidelines relating to certain white-collar
                  offenses.
    Sec. 906. Corporate responsibility for financial reports.

TITLE X—CORPORATE TAX RETURNS

    Sec. 1001. Sense of the Senate regarding the signing of corporate tax returns by
                   chief executive officers.

TITLE XI—CORPORATE FRAUD AND ACCOUNTABILITY

    Sec. 1101. Short title.
    Sec. 1102. Tampering with a record or otherwise impeding an official proceeding.
    Sec. 1103. Temporary freeze authority for the Securities and Exchange
                    Commission.
    Sec. 1104. Amendment to the Federal Sentencing Guidelines.
    Sec. 1105. Authority of the Commission to prohibit persons from serving as
                    officers or directors.
    Sec. 1106. Increased criminal penalties under Securities Exchange Act of 1934.
    Sec. 1107. Retaliation against informants.