H.R. 6161 · 112th Congress
Fostering Innovation Act
- Stage
- In committee
- Sponsor
- Michael Fitzpatrick
- Introduced
- 2012-07-19
- Latest action
- 2012-08-01 · Subcommittee Consideration and Mark-up Session Held.
Summary
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.