Reading Room Document

Sequestration of Public Company Accounting Oversight Board Funds

The operating funds of the Public Company Accounting Oversight Board are subject to sequestration under section 251A of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended, because the Board's funds have consistently been included in the President's budget, were not exempted from sequestration by Congress, and qualify as "budgetary resources" under the Act. The OLC does not provide release dates for its opinions, so the release date listed is the date on which the opinion was authored. The original opinion is available at www.justice.gov/olc/file/2013-09-13-sequest-pcaob/download.

September 13, 2013