Sarbanes-oxley act of 2002

39 Sec. 
308 
SARBANES-OXLEY ACT OF 2002 
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So in law. The first paragraph (3) of subsection (b) provides for an amendment to existing 
law. The second paragraph (3) should be (4). 
(3) * * *
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* * * * * * * 
(3)
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P
LAN AMENDMENTS
.—If any amendment made by this 
subsection requires an amendment to any plan, such plan 
amendment shall not be required to be made before the first 
plan year beginning on or after the effective date of this sec-
tion, if— 
(A) during the period after such amendment made by 
this subsection takes effect and before such first plan year, 
the plan is operated in good faith compliance with the re-
quirements of such amendment made by this subsection, 
and 
(B) such plan amendment applies retroactively to the 
period after such amendment made by this subsection 
takes effect and before such first plan year. 
(c) E
FFECTIVE
D
ATE
.—The provisions of this section (including 
the amendments made thereby) shall take effect 180 days after the 
date of the enactment of this Act. Good faith compliance with the 
requirements of such provisions in advance of the issuance of appli-
cable regulations thereunder shall be treated as compliance with 
such provisions. 
SEC. 307. ø15 U.S.C. 7245¿ RULES OF PROFESSIONAL RESPONSIBILITY 
FOR ATTORNEYS. 
Not later than 180 days after the date of enactment of this Act, 
the Commission shall issue rules, in the public interest and for the 
protection of investors, setting forth minimum standards of profes-
sional conduct for attorneys appearing and practicing before the 
Commission in any way in the representation of issuers, including 
a rule— 
(1) requiring an attorney to report evidence of a material 
violation of securities law or breach of fiduciary duty or similar 
violation by the company or any agent thereof, to the chief 
legal counsel or the chief executive officer of the company (or 
the equivalent thereof); and 
(2) if the counsel or officer does not appropriately respond 
to the evidence (adopting, as necessary, appropriate remedial 
measures or sanctions with respect to the violation), requiring 
the attorney to report the evidence to the audit committee of 
the board of directors of the issuer or to another committee of 
the board of directors comprised solely of directors not em-
ployed directly or indirectly by the issuer, or to the board of 
directors.