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    <number>6161</number>
    <updateDate>2022-03-01T06:43:08Z</updateDate>
    <updateDateIncludingText>2022-03-01T06:43:08Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2012-07-19</introducedDate>
    <congress>112</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>From the Congressional Record Online through the Government Publishing Office [<a href='http://www.gpo.gov'>www.gpo.gov</a>]By Mr. FITZPATRICK:H.R. 6161.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3[Page H5078]</pre>]]></constitutionalAuthorityStatementText>
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                <name>Reported by</name>
                <date>2012-08-01T20:46:08Z</date>
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        <text>Forwarded by Subcommittee to Full Committee by the Yeas and Nays: 18 - 15 .</text>
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        <text>Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.</text>
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        <text>Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.</text>
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        <fullName>Rep. Fitzpatrick, Michael G. [R-PA-8]</fullName>
        <firstName>Michael</firstName>
        <lastName>Fitzpatrick</lastName>
        <party>R</party>
        <state>PA</state>
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        <fullName>Rep. Garrett, Scott [R-NJ-5]</fullName>
        <firstName>Scott</firstName>
        <lastName>Garrett</lastName>
        <party>R</party>
        <state>NJ</state>
        <district>5</district>
        <sponsorshipDate>2012-07-23</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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      <name>Finance and Financial Sector</name>
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        <actionDate>2012-07-19</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2012-09-14T21:31:09Z</updateDate>
        <text><![CDATA[ <p>Fostering Innovation Act - Directs the Securities and Exchange Commission (SEC) to redefine &quot;accelerated filer&quot; with respect to issuers of securities required to meet accelerated deadlines for filing their Form 10-Q quarterly reports.</p> <p>Requires the SEC to include among accelerated filers any issuers of securities that have: (1) annual revenues in excess of $100 million, and (2) an aggregated worldwide market value of the voting and non-voting common equity held by non-affiliates of between $250 million and $700 million.</p> <BR>]]></text>
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    </summaries>
    <title>Fostering Innovation Act</title>
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        <titleType>Short Titles as Introduced</titleType>
        <title>Fostering Innovation Act</title>
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      <item>
        <titleType>Display Title</titleType>
        <title>Fostering Innovation Act</title>
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      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To provide an exemption for low-revenue companies from certain SEC regulations.</title>
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    </titles>
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        <type>Introduced in House</type>
        <date>2012-07-19T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-112hr6161ih/xml/BILLS-112hr6161ih.xml</url>
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    <latestAction>
      <actionDate>2012-08-01</actionDate>
      <text>Forwarded by Subcommittee to Full Committee by the Yeas and Nays: 18 - 15 .</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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