3.0.0 1645 2023-01-11T13:35:34Z 2023-01-11T13:35:34Z House HR 2017-03-21 115 [Congressional Record Volume 163, Number 49 (Tuesday, March 21, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. SINEMA:H.R. 1645.Congress has the power to enact this legislation pursuantto the following:Article I. Section 8.[Page H2287]]]> hsba00 Financial Services Committee House Standing Reported by 2017-11-28T17:36:17Z Markup by 2017-10-12T21:50:15Z Referred to 2017-03-21T14:01:10Z H. Rept. 115-425 TRID Improvement Act of 2017 115 3978 HR 2018-02-15 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS Interior, Environment, Financial Services and General Government, Agriculture, Rural Development, Food and Drug Administration, and Transportation, Housing and Urban Development Appropriations Act, 2019 115 6147 HR 2018-09-07 Message on Senate action sent to the House. Related bill CRS Fostering Innovation Act of 2017 115 2126 S 2018-06-26 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-354. Related bill CRS Financial CHOICE Act of 2017 115 10 HR 2017-07-13 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108. Related bill CRS JOBS and Investor Confidence Act of 2018 115 488 S 2018-07-18 Message on House action received in Senate and at desk: House amendments to Senate bill. Related bill CRS 2017-11-28 Placed on the Union Calendar, Calendar No. 315. Calendars H12410 2 House floor actions U00315 2017-11-28 Reported by the Committee on Financial Services. H. Rept. 115-425. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2017-11-28 Reported by the Committee on Financial Services. H. Rept. 115-425. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2017-10-12 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by the Yeas and Nays: 48 - 12. Committee 2017-10-12 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2017-10-11 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2017-03-21 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-03-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-03-21 Introduced in House IntroReferral 1000 9 Library of Congress S001191 Rep. Sinema, Kyrsten [D-AZ-9] Kyrsten Sinema D AZ 9 N H001074 Rep. Hollingsworth, Trey [R-IN-9] Trey Hollingsworth R IN 9 2017-03-21 True H001059 Rep. Hultgren, Randy [R-IL-14] Randy Hultgren R IL 14 2017-04-04 False G000583 Rep. Gottheimer, Josh [D-NJ-5] Josh Gottheimer D NJ 5 2017-04-05 False W000812 Rep. Wagner, Ann [R-MO-2] Ann Wagner R MO 2 2017-04-06 False P000606 Rep. Pittenger, Robert [R-NC-9] Robert Pittenger R NC 9 2017-04-06 False L000569 Rep. Luetkemeyer, Blaine [R-MO-3] Blaine Luetkemeyer R MO 3 2017-05-16 False D000620 Rep. Delaney, John K. [D-MD-6] John Delaney D MD K. 6 2017-05-16 False M001184 Rep. Massie, Thomas [R-KY-4] Thomas Massie R KY 4 2017-05-22 False R000593 Rep. Ross, Dennis A. [R-FL-15] Dennis Ross R FL A. 15 2017-05-22 False E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 2017-06-08 False H001072 Rep. Hill, J. French [R-AR-2] J. Hill R AR French 2 2017-06-08 False M001193 Rep. MacArthur, Thomas [R-NJ-3] Thomas MacArthur R NJ 3 2017-06-08 False F000454 Rep. Foster, Bill [D-IL-11] Bill Foster D IL 11 2017-07-11 False S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2017-07-25 False M001189 Rep. Messer, Luke [R-IN-6] Luke Messer R IN 6 2017-10-11 False 2017-11-02T13:15:29Z H.R. 1645, Fostering Innovation Act of 2017 https://www.cbo.gov/publication/53280 As ordered reported by the House Committee on Financial Services on October 12, 2017 Finance and Financial Sector Accounting and auditing Business records Government information and archives Securities Finance and Financial Sector 00 2017-03-21 Introduced in House 2018-03-28T21:45:52Z Fostering Innovation Act of 2017

This bill amends the Sarbanes-Oxley Act of 2002 to establish a temporary exemption to the requirement that each registered public accounting firm that prepares or issues an audit report for an issuer of securities (other than an emerging growth company) shall attest to, and report on, the internal control assessment made by the management of the issuer. Specifically, this requirement shall not apply with respect to an audit report prepared for an issuer that:

  • ceased to be an emerging growth company on the last day of its fiscal year following the fifth anniversary of its first sale of common equity securities,
  • had average annual gross revenues of less than $50 million as of its most recently completed fiscal year, and
  • is not a large accelerated filer.

An issuer shall cease to be eligible for the exemption at the earliest of: (1) the last day of the fiscal year following the 10th anniversary of its first sale of common equity securities, (2) the last day of the fiscal year in which its average annual gross revenues exceed $50 million, or (3) when the issuer becomes a large accelerated filer.

]]> 79 2017-11-28 Reported to House without amendment 2018-04-02T14:52:22Z Fostering Innovation Act of 2017

This bill amends the Sarbanes-Oxley Act of 2002 to establish a temporary exemption to the requirement that each registered public accounting firm that prepares or issues an audit report for an issuer of securities (other than an emerging growth company) shall attest to, and report on, the internal control assessment made by the management of the issuer. Specifically, this requirement shall not apply with respect to an audit report prepared for an issuer that:

  • ceased to be an emerging growth company on the last day of its fiscal year following the fifth anniversary of its first sale of common equity securities,
  • had average annual gross revenues of less than $50 million as of its most recently completed fiscal year, and
  • is not a large accelerated filer.

An issuer shall cease to be eligible for the exemption at the earliest of: (1) the last day of the fiscal year following the 10th anniversary of its first sale of common equity securities, (2) the last day of the fiscal year in which its average annual gross revenues exceed $50 million, or (3) when the issuer becomes a large accelerated filer.

]]> Fostering Innovation Act of 2017 Display Title Fostering Innovation Act of 2017 Official Title as Introduced To amend the Sarbanes-Oxley Act of 2002 to provide a temporary exemption for low-revenue issuers from certain auditor attestation requirements. Introduced in House IH Short Titles as Introduced Fostering Innovation Act of 2017 Short Titles as Reported to House Fostering Innovation Act of 2017 H House Reported in House 2017-11-28T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr1645rh/xml/BILLS-115hr1645rh.xml Introduced in House 2017-03-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr1645ih/xml/BILLS-115hr1645ih.xml 2017-11-28 Placed on the Union Calendar, Calendar No. 315. 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.