PCAOB Enforcement Transparency Act of 2025

S 2919, the PCAOB Enforcement Transparency Act of 2025, requires the Public Company Accounting Oversight Board (PCAOB) to hold public hearings for its enforcement actions unless the Board specifically orders otherwise. This bill directly affects the PCAOB and the public by making enforcement proceedings more transparent. The key change amends the Sarbanes-Oxley Act to mandate open public hearings for PCAOB enforcement actions and clarifies that determinations must be published after any sanction stay is lifted. The bill does not change substantive enforcement rules but increases public access to the process.