Fostering Innovation Act of 2015
Do you support it?
Want to know if it passes?
We'll email you when HR 4139 moves — a committee vote, a floor vote, or a signature. Nothing else.
Free forever · unsubscribe in one click.
Your answer was recorded either way.
Which district are you in?
Your ZIP is all we need to match you to your own representatives — so we can tell you how they voted on HR 4139.
You're tracking HR 4139
We'll email you the moment it moves.
HR 4139 — Fostering Innovation Act of 2015
Last action — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
No card. One bill, free forever — alerts when it moves.
-
✓Introduced
-
✓In Committee
-
Died in session
This bill died with 114th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
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.
Bill Text
We don't have the full text on file for this bill yet.
Read HR 4139 on the official United States source →Action History
-
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
-
Motion to reconsider laid on the table Agreed to without objection.
-
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H2907)
-
DEBATE - The House proceeded with forty minutes of debate on H.R. 4139.
-
Considered under suspension of the rules. (consideration: CR H2907-2910)
-
Mr. Luetkemeyer moved to suspend the rules and pass the bill.
-
Placed on the Union Calendar, Calendar No. 458.
-
Reported by the Committee on Financial Services. H. Rept. 114-588.
-
Ordered to be Reported by the Yeas and Nays: 42 - 15.
-
Committee Consideration and Mark-up Session Held.
-
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
-
Referred to the House Committee on Financial Services.
-
Introduced in House
Sponsors
- Krysten Sinema · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 546 not signed on
Sponsors (1)
Co-sponsors (0)
None.
Not signed on (546)
546 members have not signed on to this bill.
Show all 546 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does HR 4139 do?
- 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.
- Who sponsors HR 4139?
- HR 4139 is sponsored by Krysten Sinema (D).
- What is the current status of HR 4139?
- This bill died with 114th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track HR 4139?
- Track HR 4139 free on One Click Politics — get push/email alerts when it moves.
Make your voice heard on HR 4139
Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.
Stay ahead of HR 4139
Last checked for changes about 10 hours ago · updated continuously
One Click Politics tracks every bill in Congress and all 50 states.
Track this bill →