H.Amdt.1464 to H.R.4078112th Congress (2011-2012)
|Amends Bill:||H.R.4078 — Red Tape Reduction and Small Business Job Creation Act|
|Sponsor:||Rep. Fitzpatrick, Michael G. [R-PA-8] (Offered 07/25/2012)|
|Latest Action:||On agreeing to the Fitzpatrick amendment (A018) Agreed to by recorded vote: 251 - 166 (Roll no. 531). (consideration: CR H5315-5316) (07/26/2012)|
Description: H.Amdt. 1464 — 112th Congress (2011-2012)
Amendment directs the SEC, when reviewing regulations, to consider the burden of applying section 404(b) of Sarbanes Oxley (relating to audits of a public company's internal controls) to companies with a public float of less than $250 million.
An amendment numbered 19 printed in Part B of House Report 112-616 to direct the Securities and Exchange Commission to take into account the large burden of section 404b of Sarbanes-Oxley on companies with a public float less than $250 million, compared to the benefit.
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