[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2727 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 2727

 To extend the current moratorium for small businesses complying with 
        section 404 of the Sarbanes-Oxley Act of 2002 by 1 year.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 14, 2007

  Mr. Garrett of New Jersey (for himself, Mr. Feeney, Mr. Bachus, Mr. 
     Baker, Mr. Sessions, Mr. Paul, Mr. Neugebauer, Mr. Royce, Mr. 
Hensarling, Mr. Manzullo, Mr. Herger, Mr. McHenry, Mr. Akin, Mr. Davis 
 of Kentucky, Mr. Westmoreland, Mr. Price of Georgia, Mr. Bartlett of 
  Maryland, Mr. Heller of Nevada, Mr. Kingston, Mr. Barrett of South 
Carolina, Mr. Flake, Mr. Walberg, Mr. Lucas, Mr. Fortuno, Mr. Lamborn, 
 Mr. Marchant, Mr. Gingrey, Mr. Pitts, Mr. Bilbray, Mr. Hoekstra, Mr. 
Ryan of Wisconsin, Mr. Roskam, Mrs. Musgrave, Mr. Pence, Mr. Kirk, Mrs. 
Boyda of Kansas, Mr. Putnam, Mr. Pearce, Mr. Souder, Mr. Fossella, Mr. 
Campbell of California, Mrs. Bachmann, and Mrs. Biggert) introduced the 
   following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 A BILL


 
 To extend the current moratorium for small businesses complying with 
        section 404 of the Sarbanes-Oxley Act of 2002 by 1 year.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Small Business SOX Compliance 
Extension Act''.

SEC. 2. EXTENSION OF MORATORIUM.

    Not later than 30 days after the date of enactment of this Act, the 
Securities and Exchange Commission shall modify its regulations under 
section 404 of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7262) so that 
a non-accelerated filer under such regulations is not required to 
provide management's report on internal control over financial 
reporting until it files an annual report for its first fiscal year 
ending on or after December 15, 2008.
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