Credit Rating Agency Reform Act of 2006

[AI summary unavailable — showing source text] Credit Rating Agency Reform Act of 2006 - Amends the Securities Exchange Act of 1934 to require nationally recognized statistical rating organizations (NRSROs) to register with the Securities and Exchange Commission (SEC), which is granted enforcement powers. Prescribes requirements for prevention of the misuse of nonpublic information and for management of conflicts of interest. Directs the SEC to issue final rules to prohibit unfair, coercive, or abusive acts or practices by NRSROs. Requires an NRSRO to: (1) designate a compliance officer to ensure compliance with securities laws, rules, and regulations; and (2) furnish to the SEC financial statements certified by an independent public accountant.…