HR 6161 · 112th Congress · Finance and Financial Sector

Fostering Innovation Act

Introduced 2012-07-19· Sponsored by Rep. Fitzpatrick, Michael G. [R-PA-8]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Forwarded by Subcommittee to Full Committee by the Yeas and Nays: 18 - 15 .(2012-08-01)

Plain Language Summary

[AI summary unavailable — showing source text] Fostering Innovation Act - Directs the Securities and Exchange Commission (SEC) to redefine "accelerated filer" with respect to issuers of securities required to meet accelerated deadlines for filing their Form 10-Q quarterly reports. Requires the SEC to include among accelerated filers any issuers of securities that have: (1) annual revenues in excess of $100 million, and (2) an aggregated worldwide market value of the voting and non-voting common equity held by non-affiliates of between $250 million and $700 million.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Rep. Garrett, Scott [R-NJ-5]NJ