United States · Bill · HR
H.R. 1645 (115th)
Fostering Innovation Act of 2017
Introduced
21 March 2017
Last action
28 November 2017 · Reported
Status
Placed on the Union Calendar, Calendar No. 315.
Sponsors
Sen. Sinema, Kyrsten [I-AZ], Rep. Hollingsworth, Trey [R-IN-9], Rep. Hultgren, Randy [R-IL-14], Rep. Gottheimer, Josh [D-NJ-5], Rep. Wagner, Ann [R-MO-2], Rep. Pittenger, Robert [R-NC-9], Rep. Luetkemeyer, Blaine [R-MO-3], Rep. Delaney, John K. [D-MD-6], Rep. Massie, Thomas [R-KY-4], Rep. Ross, Dennis A. [R-FL-15], Rep. Emmer, Tom [R-MN-6], Rep. Hill, J. French [R-AR-2], Rep. MacArthur, Thomas [R-NJ-3], Rep. Foster, Bill [D-IL-11], Rep. Stivers, Steve [R-OH-15], Rep. Messer, Luke [R-IN-6]
Subjects
Taxation
Source updated
7 April 2025
Summary
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.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
21 March 2017
Introduced
Referred to the House Committee on Financial Services.
Source: IntroReferral
21 March 2017
Introduced
Introduced in House
Source: IntroReferral
21 March 2017
Introduced
Introduced in House
Source: IntroReferral
11 October 2017
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
12 October 2017
Vote
Ordered to be Reported by the Yeas and Nays: 48 - 12.
Source: Committee
12 October 2017
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
28 November 2017
Calendars
Placed on the Union Calendar, Calendar No. 315.
Source: Calendars
28 November 2017
Reported
Reported by the Committee on Financial Services. H. Rept. 115-425.
Source: Committee
28 November 2017
Reported
Reported by the Committee on Financial Services. H. Rept. 115-425.
Source: Committee
Votes
No vote records are attached yet.
Versions
- Reported in House · 28 November 2017 · Download file
- Introduced in House · 21 March 2017 · Download file
Documents
6 official files
Reported in House (text)
This file cannot be previewed here. Use View or Download.
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Reported in House (text)
Reported in House · EN · 28 November 2017
Reported in House (PDF)
Reported in House · EN · 28 November 2017
ViewDownloadOpen at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Reported to House without amendment
summary · EN · 28 November 2017
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in House (text)
Introduced in House · EN · 21 March 2017
ViewDownloadOpen at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in House (PDF)
Introduced in House · EN · 21 March 2017
ViewDownloadOpen at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in House
summary · EN · 21 March 2017
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Sen. Sinema, Kyrsten [I-AZ] · D · Sponsor
- Rep. Hollingsworth, Trey [R-IN-9] · R · Sponsor
- Rep. Hultgren, Randy [R-IL-14] · R · Cosponsor
- Rep. Gottheimer, Josh [D-NJ-5] · D · Cosponsor
- Rep. Wagner, Ann [R-MO-2] · R · Cosponsor
- Rep. Pittenger, Robert [R-NC-9] · R · Cosponsor
- Rep. Luetkemeyer, Blaine [R-MO-3] · R · Cosponsor
- Rep. Delaney, John K. [D-MD-6] · D · Cosponsor
- Rep. Massie, Thomas [R-KY-4] · R · Cosponsor
- Rep. Ross, Dennis A. [R-FL-15] · R · Cosponsor
- Rep. Emmer, Tom [R-MN-6] · R · Cosponsor
- Rep. Hill, J. French [R-AR-2] · R · Cosponsor
- Rep. MacArthur, Thomas [R-NJ-3] · R · Cosponsor
- Rep. Foster, Bill [D-IL-11] · D · Cosponsor
- Rep. Stivers, Steve [R-OH-15] · R · Cosponsor
- Rep. Messer, Luke [R-IN-6] · R · Cosponsor
- · hsba00 · Standing
Related records
- related to → Financial CHOICE Act of 2017
- related to → Encouraging Employee Ownership Act
- related to ← TRID Improvement Act of 2017
- related to ← Fostering Innovation Act of 2017
- related to ← Interior, Environment, Financial Services and General Government, Agriculture, Rural Development, Food and Drug Administration, and Transportation, Housing and Urban Development Appropriations Act, 2019
- related to ← Fostering Innovation Act of 2015
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/115th-congress/house-bill/1645
- Open data entity: https://api.congress.gov/v3/bill/115/hr/1645
- us · 115-hr-1645 · source updated 7 April 2025