TITLE V—ANALYST CONFLICTS OF INTEREST SEC. 501. TREATMENT OF SECURITIES ANALYSTS BY REGISTERED SE- CURITIES ASSOCIATIONS AND NATIONAL SECURITIES EX- CHANGES. (a)
* * * * * * *
(c) ø15 U.S.C. 78–6 note¿ C
OMMISSION
A
UTHORITY
.—The Com-
mission may promulgate and amend its regulations, or direct a reg-
istered securities association or national securities exchange to pro-
mulgate and amend its rules, to carry out section 15D of the Secu-
rities Exchange Act of 1934, as added by this section, as is nec-
essary for the protection of investors and in the public interest.
* * * * * * *
TITLE VII—STUDIES AND REPORTS SEC. 701. ø15 U.S.C. 7201 note¿ GAO STUDY AND REPORT REGARDING CONSOLIDATION OF PUBLIC ACCOUNTING FIRMS. (a) S
TUDY
R
EQUIRED
.—The Comptroller General of the United
States shall conduct a study—
(1) to identify—
(A) the factors that have led to the consolidation of
public accounting firms since 1989 and the consequent re-
duction in the number of firms capable of providing audit
services to large national and multi-national business or-
ganizations that are subject to the securities laws;
(B) the present and future impact of the condition de-
scribed in subparagraph (A) on capital formation and secu-
rities markets, both domestic and international; and
(C) solutions to any problems identified under sub-
paragraph (B), including ways to increase competition and
the number of firms capable of providing audit services to
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As Amended Through P.L. 116-222, Enacted December 18, 2020
