; and (ii) each action or review the Commission failed to carry out in the preceding 5-year period under the plan required under subparagraph (A) and an explanation for such failure. . 402. Consideration of cumulative effect of regulations required (a) Rules under the Securities Act of 1933 Section 2(b) of the Securities Act of 1933 ( 15 U.S.C. 77b(b) ) is amended by inserting , when considered individually or cumulatively with other rules or regulations or other proposed rules or regulations, before will promote . (b) Rules under the Securities Exchange Act of 1934 Section 23(a)(2) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78w ) is amended by inserting , when considered individually or cumulatively with other rules or regulations or other proposed rules or regulations, after which would . (c) Rules under the Investment Company Act of 1940 Section 2(c) of the Investment Company Act of 1940 ( 15 U.S.C. 80a–2 ) is amended by inserting , when considered individually or cumulatively with other rules or regulations or other proposed rules or regulations, before will promote . (d) Rules under the Investment Advisers Act of 1940 Section 202(c) of the Investment Advisers Act of 1940 ( 15 U.S.C. 80b–2 ) is amended by inserting , when considered individually or cumulatively with other rules or regulations or other proposed rules or regulations, before will promote . V Streamlining Public Company Accounting Oversight 501. Transfer of Public Company Accounting Oversight Board to Securities and Exchange Commission (a) Global amendments Except as otherwise provided under this title, title I of the Sarbanes-Oxley Act of 2002 ( 15 U.S.C. 7211 et seq. ) is amended— (1) in the title heading, by striking Public Company Accounting Oversight Board and inserting Office of Public Accounting Oversight ; (2) by striking Public Company Accounting Oversight Board each place it appears and inserting Office of Public Accounting Oversight ; (3) by striking the Board each place it appears and inserting the Office