US HB4616

Amends the Sarbanes-Oxley Act of 2002 to define "compromised auditor" as any branch, office, or subsidiary of a registered public accounting firm that is subject to the jurisdiction of, controlled by, or has arrangements with a "covered country" that could compromise audit independence

Defines "covered country" as any nation identified as a national security threat in the Director of National Intelligence's Annual Threat Assessment or any covered nation under 10 U.S.C. 4872(d)(2)

Prohibits trading in securities of covered issuers headquartered in countries of concern that retain compromised auditors to prepare their audit reports

Requires PCAOB hearings involving compromised auditors retained by covered issuers to be held publicly, rather than privately

Introduced July 22, 2025 by Rep. Stefanik and referred to the House Committee on Financial Services