Congresswoman Sylvia Garcia’s Statement on the Passage of her First Bill, the PCAOB Whistleblower Protection Act of 2019
WASHINGTON, D.C. – Today, Congresswoman Sylvia Garcia (TX-29) was joined by her colleagues in the House of Representatives to pass her bill, the PCAOB Whistleblower Protection Act of 2019. This is Congresswoman Garcia’s first bill to pass the House of Representatives, and it would establish a whistleblower protection program at the Public Company Accounting Oversight Board (PCAOB), like a program at the Securities and Exchange Commission (SEC). This bill protects whistleblowers with legitimate information that can lead to enforcement action by the PCAOB and ensures that public companies and their accounting firms do not jeopardize the financial security of consumers and our economy.
Congresswoman Sylvia Garcia’s Statement:
“The PCAOB Whistleblower Protection Act of 2019 is a good first step in ensuring the proper oversight of audits of public companies,” said Congresswoman Garcia. “This is one tool in the tool box of protecting the stability and transparency of our public markets and ensuring the investor faith it generates continues.”
“The PCAOB was originally established to ensure the proper oversight of audits of public companies. This was done after the implosion of Enron and their accounting firm Arthur Anderson, which was damaging to my district in Houston. I am proud of this bill and what it will do to ensure that the PCAOB functions properly and protects consumers and workers from bad actors that could jeopardize the future stability of our public markets.”