119th Congress · Senate bill · Last action Sep 22, 2026
S. 5454In CommitteeFinance and Financial Sector
Small Business Audit Correction Act of 2026
Sponsor: Sen. Cotton, Tom (R-AR)Introduced Sep 22, 2026
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In plain English
S. 5454, introduced by Sen. Tom Cotton (R-AR), exempts privately held, non-carrying brokers and dealers that are in good standing from certain audit requirements under the Sarbanes-Oxley Act of 2002. The bill includes an "for other purposes" clause, indicating additional provisions beyond the broker-dealer audit exemption that are not detailed in available information.
Generated by ThePolitibase from the bill text and CRS summary. Read the official text →
Where it is in the process
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Introduced
Sep 22
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Senate committee
Sep 22
3
Senate floor
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4
House
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5
Signed
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What happens next: Sits in committee. Needs a markup or favorable report to advance to the Senate floor.
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Activity timeline
Sep 22
Sep 22
Sep 22
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 22
Sep 22
Sep 22
Introduced in Senate
Read the bill text
Official text via Congress.gov. Opens in a new tab.
Full action log
All 2 recorded actions since introduction · Source: Congress.gov
Sep 22
SENATERead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 22
Introduced in Senate
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