3.0.0 2941 2023-01-11T13:22:24Z 2023-01-11T13:22:24Z House H HR 2011-09-15 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. QUAYLE:H.R. 2941.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3.[Page H6232]]]> hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Referred to 2011-10-04T16:49:43Z Referred to 2011-09-15T13:02:35Z Startup Expansion and Investment Act 112 1962 S 2011-12-07 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2011-10-04 hsba16 Capital Markets Subcommittee 1 House committee actions Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. Committee 2011-09-15 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-09-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-09-15 Introduced in House IntroReferral 1000 9 Library of Congress Q000024 Rep. Quayle, Benjamin [R-AZ-3] Benjamin Quayle R AZ 3 N P000583 Rep. Paul, Ron [R-TX-14] RON PAUL R TX 14 2011-09-15 True M001156 Rep. McHenry, Patrick T. [R-NC-10] Patrick McHenry R NC 10 2011-09-15 True Y000063 Rep. Yoder, Kevin [R-KS-3] Kevin Yoder R KS 3 2011-09-15 True H001059 Rep. Hultgren, Randy [R-IL-14] Randy Hultgren R IL 14 2011-09-15 True S000583 Rep. Smith, Lamar [R-TX-21] LAMAR SMITH R TX 21 2011-09-15 True D000613 Rep. Dold, Robert J. [R-IL-10] Robert Dold R IL J. 10 2011-09-15 True G000569 Rep. Grimm, Michael G. [R-NY-13] Michael Grimm R NY G. 13 2011-09-21 False L000576 Rep. Long, Billy [R-MO-7] Billy Long R MO 7 2011-09-23 False L000575 Rep. Lankford, James [R-OK-5] James Lankford R OK 5 2011-10-26 False R000580 Rep. Roskam, Peter J. [R-IL-6] Peter Roskam R IL J. 6 2011-11-14 False K000210 Rep. King, Peter T. [R-NY-3] PETER KING R NY T. 3 2012-02-29 False Finance and Financial Sector Business records Corporate finance and management Financial services and investments Securities Small business Finance and Financial Sector 00 2011-09-15 Introduced in House 2011-12-21T22:38:34Z Startup Expansion and Investment Act - Amends the Sarbanes-Oxley Act of 2002 to revise an exception to rules prescribed by the Securities and Exchange Commission (SEC) that require the annual reports of certain publicly traded securities issuers to contain: (1) an assessment of the issuer's internal control structure and procedures for financial reporting, and (2) an attestation to such assessment by each registered public accounting firm that prepares or issues an audit report for the issuer.

Permits an issuer to elect not to provide such an assessment and attestation if the issuer: (1) has a total market capitalization for the relevant reporting period of less than $1 billion; and (2) is not subject to the annual reporting requirement under the Securities Exchange Act of 1934, or has been subject to such requirement for a period fewer than 10 years. (Current law exempts issuers with an aggregate worldwide market value of the voting and non-voting common equity held by its non-affiliates of below $75 million, as of the last business day of the issuer's most recently completed second fiscal quarter.)

Requires an issuer electing not to provide such assessment and attestation to disclose that decision in its next annual report.

]]> Startup Expansion and Investment Act Display Title Startup Expansion and Investment Act Official Title as Introduced To make the internal control reporting and assessment requirements of the Sarbanes-Oxley Act of 2002 optional for certain smaller companies. Introduced in House IH Short Titles as Introduced Startup Expansion and Investment Act Introduced in House 2011-09-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2941ih/xml/BILLS-112hr2941ih.xml 2011-10-04 Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.