H.R. 8228 is a bill that aims to change the Sarbanes-Oxley Act of 2002 by moving the responsibilities of the Public Company Accounting Oversight Board to the Securities and Exchange Commission (SEC). The bill proposes creating a new entity within the SEC called the Office of Public Accounting...
Simple Explanation
H.R. 8228 is a bill that wants to move a group that checks if companies are telling the truth about their money from its own place to join another bigger group that watches over businesses. This change aims to make things less complicated but might have some tricky parts to figure out.