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US auditing watchdog would be broken up under House Republican bill

By Neil Roland ( April 28, 2025, 21:01 GMT | Insight) -- A House Republican bill has been introduced to dismantle a 23-year-old US auditing watchdog, created after the Enron collapse, and fold its duties into the shrinking US Securities and Exchange Commission. The House Financial Services Committee legislation would scrap a levy on listed companies and broker-dealers that funds the Public Company Accounting Oversight Board and transfer its duties to the SEC. The commission is losing 10-12 percent of its staff. The bill, which is to be voted on by the full committee on Wednesday, sounds a familiar knell to that of other deregulatory measures initiated during the Trump administration.A bill sponsored by House Republicans has been introduced to dismantle the 23-year-old US auditing watchdog created after the Enron collapse, and instead fold its duties into the shrinking US Securities and Exchange Commission....

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