H.R. 3655 (112th): Small Business Access to Capital Act of 2011

Introduced:
Dec 13, 2011 (112th Congress, 2011–2013)
Sponsor:
Rep. Edward “Ed” Royce [R-CA40]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on December 13, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Dec 13, 2011
Referred to Committee Dec 13, 2011
Cosponsors
5 cosponsors (5R) (show)
Committees

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Sarbanes-Oxley Act of 2002 to provide additional exemptions from the internal control auditing requirements for smaller and newer public companies.

Summary

No summaries available.

Text

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Last updated Dec 13, 2011.
2 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

12/13/2011--Introduced.
Small Business Access to Capital Act of 2011 - Amends the Sarbanes-Oxley Act of 2002 to revise the small issuer exemption from the requirement that each registered public accounting firm that prepares or issues the audit report for a securities issuer attest to, and report on, the issuer's management assessment of the effectiveness of its internal control structure and procedures for financial reporting.
Specifies that this requirement shall not apply to an issuer that has a total public float for the relevant reporting period of less than $1 billion.
Prohibits this Act from being construed to relieve or exempt an issuer from the internal control reporting and assessment requirements of the Sarbanes-Oxley Act of 2002, or from its requirement that officers of the issuer certify certain annual and quarterly reports.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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