GROW Act of 2015

Bill: 114-hr-3891
Sponsor: full_name: Rep. Clawson, Curt [R-FL-19]
Introduced: 2015-11-03
Policy area: Finance and Financial Sector
Subjects: Accounting and auditing

Administrative law and regulatory procedures

Securities

Securities and Exchange Commission (SEC)
Latest action: action_date: 2015-11-03
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2015-11-03
action_desc: Introduced in House
text: <p><b>Get Regulation Out of the Way Act of 2015 or the GROW Act of 2015 </b></p> <p>This bill amends the Sarbanes-Oxley Act of 2002 to exempt from the auditor attestation of internal control assessments an issuer of securities whose total market capitalization is less than $2 billion.</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 3891 IN THE HOUSE OF REPRESENTATIVES November 3, 2015 Mr. Clawson of Florida introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Sarbanes-Oxley Act of 2002 to exempt issuers with a total market capitalization of less than $2,000,000,000 from the auditor attestation requirement for internal control assessments.

1. Short title This Act may be cited as the Get Regulation Out of the Way Act of 2015 or the GROW Act of 2015 . 2. Additional exemption from auditor attestation to internal control assessments Section 404(c) of the Sarbanes-Oxley Act of 2002 ( 15 U.S.C. 7262(c) ) is amended— (1) by striking the period at the end and inserting ; or ; (2) by striking prepared for an issuer and inserting the following: prepared for— (1) an issuer ; and (3) by adding at the end the following: (2) an issuer that, as of the first day of the fiscal year to which the assessment described in such subsection relates, has a total market capitalization of less than $2,000,000,000. .