US Congress House Bill 4139 (Prior Session Legislation)

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Spectrum:
Status: Engrossed on May 24 2016 - 50% progression, died in committee
Action: 2016-05-24 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]

Fostering Innovation Act of 2015 (Sec. 2) This bill amends the Sarbanes-Oxley Act of 2002 with respect 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 issuer's management. This requirement shall not apply with respect to any 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. This temporary exemption for low-revenue issuers shall expire upon the earliest of: the last day of the issuer's fiscal year following the tenth anniversary of its first sale of common equity securities pursuant to an effective registration statement under the Securities Act of 1933, the last day of the issuer's fiscal year during which the issuer's average annual gross revenues exceed $50 million, or the date upon which the issuer becomes a large accelerated filer.

Fostering Innovation Act of 2015

Sen. Kyrsten Sinema [I-AZ]

Rep. Michael Fitzpatrick [R-PA]

Rep. John Delaney [D-MD]

Date	Chamber	Action
2016-05-24	Senate	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2016-05-23	House	Motion to reconsider laid on the table Agreed to without objection.
2016-05-23	House	On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H2907)
2016-05-23	House	DEBATE - The House proceeded with forty minutes of debate on H.R. 4139.
2016-05-23	House	Considered under suspension of the rules. (consideration: CR H2907-2910)
2016-05-23	House	Mr. Luetkemeyer moved to suspend the rules and pass the bill.
2016-05-23	House	Placed on the Union Calendar, Calendar No. 458.
2016-05-23	House	Reported by the Committee on Financial Services. H. Rept. 114-588.
2016-03-02	House	Ordered to be Reported by the Yeas and Nays: 42 - 15.
2016-03-02	House	Committee Consideration and Mark-up Session Held.
2015-12-02	House	Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
2015-12-01	House	Referred to the House Committee on Financial Services.
2015-12-01	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/4139/all-info
Text	https://www.congress.gov/114/bills/hr4139/BILLS-114hr4139ih.pdf
Text	https://www.congress.gov/114/bills/hr4139/BILLS-114hr4139rh.pdf
Text	https://www.congress.gov/114/bills/hr4139/BILLS-114hr4139eh.pdf