3.0.0 2126 2023-01-11T13:39:22Z 2023-01-11T13:39:22Z Senate S 2017-11-15 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings by 2018-06-26T14:00:02Z Referred to 2017-11-15T18:43:41Z 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 1645 HR 2017-11-28 Placed on the Union Calendar, Calendar No. 315. 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 2018-06-26 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-354. Committee 2017-11-15 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2017-11-15 Introduced in Senate IntroReferral 10000 9 Library of Congress T000476 Sen. Tillis, Thomas [R-NC] Thomas Tillis R NC Roland N P000595 Sen. Peters, Gary C. [D-MI] Gary Peters D MI 2017-11-15 True Finance and Financial Sector Accounting and auditing Administrative law and regulatory procedures Business investment and capital Corporate finance and management Securities Securities and Exchange Commission (SEC) Finance and Financial Sector 00 2017-11-15 Introduced in Senate 2019-03-11T16:46:08Z Fostering Innovation Act of 2017

This bill amends the Sarbanes-Oxley Act of 2002 to establish a temporary exemption from 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 five-year period beginning on the date 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 10-year period beginning on the date 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 Short Titles as Introduced Fostering Innovation Act of 2017 Official Title as Introduced A bill to amend the Sarbanes-Oxley Act of 2002 to provide a temporary exemption for low-revenue issuers from certain auditor attestation requirements. Introduced in Senate 2017-11-15T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s2126is/xml/BILLS-115s2126is.xml 2018-06-26 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-354. 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.