I 115th CONGRESS 1st Session H. R. 318 IN THE HOUSE OF REPRESENTATIVES January 5, 2017 Mr. Capuano introduced the following bill; which was referred to the Committee on Financial Services A BILL To direct the Securities and Exchange Commission to require any person subject to accounting principles or standards under the securities laws to show all transactions of such person on the balance sheet of such person.

1. Short title This Act may be cited as the Nothing Off Balance Sheet Act of 2017 . 2. All transactions required to be shown on balance sheet (a) In general In establishing accounting principles or standards for purposes of the securities laws (as defined in section 3(a) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a) )), the Securities and Exchange Commission shall require any person subject to such principles or standards to show all transactions of such person on the balance sheet of such person. (b) Regulations The Securities and Exchange Commission shall promulgate regulations to implement subsection (a) not later than the date that is 90 days after the date of the enactment of this Act.