Sarbanes-oxley act of 2002

SEC. 408. ø15 U.S.C. 7266¿ ENHANCED REVIEW OF PERIODIC DISCLO-
SURES BY ISSUERS. 
(a) R
EGULAR AND
S
YSTEMATIC
R
EVIEW
.—The Commission shall 
review disclosures made by issuers reporting under section 13(a) of 
the Securities Exchange Act of 1934 (including reports filed on 
Form 10–K), and which have a class of securities listed on a na-
tional securities exchange or traded on an automated quotation fa-
cility of a national securities association, on a regular and system-
atic basis for the protection of investors. Such review shall include 
a review of an issuer’s financial statement. 
(b) R
EVIEW
C
RITERIA
.—For purposes of scheduling the reviews 
required by subsection (a), the Commission shall consider, among 
other factors— 
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December 21, 2020 
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As Amended Through P.L. 116-222, Enacted December 18, 2020

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44 
Sec. 501 
SARBANES-OXLEY ACT OF 2002 
(1) issuers that have issued material restatements of fi-
nancial results; 
(2) issuers that experience significant volatility in their 
stock price as compared to other issuers; 
(3) issuers with the largest market capitalization; 
(4) emerging companies with disparities in price to earning 
ratios; 
(5) issuers whose operations significantly affect any mate-
rial sector of the economy; and 
(6) any other factors that the Commission may consider 
relevant. 
(c) M
INIMUM
R
EVIEW
P
ERIOD
.—In no event shall an issuer re-
quired to file reports under section 13(a) or 15(d) of the Securities 
Exchange Act of 1934 be reviewed under this section less fre-
quently than once every 3 years. 
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