110 HR 2727 IH: Small Business SOX Compliance U.S. House of Representatives 2007-06-14 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.

I 110th CONGRESS 1st Session H. R. 2727 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. Fortuño, 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.

1.

Short title

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

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.