Amendment directs the SEC, when reviewing regulations, to consider the burden of applying section 404(b) of Sarbanes Oxley (relating to audits of a public company's internal controls) to companies with a public float of less than $250 million.

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Amendment Number
1464
Description
Amendment directs the SEC, when reviewing regulations, to consider the burden of applying section 404(b) of Sarbanes Oxley (relating to audits of a public company's internal controls) to companies with a public float of less than $250 million.
Purpose
An amendment numbered 19 printed in Part B of House Report 112-616 to direct the Securities and Exchange Commission to take into account the large burden of section 404b of Sarbanes-Oxley on companies with a public float less than $250 million, compared to the benefit.
Congress
112
Type
HAMDT
Latest Action Date
Jul 26, 2012
Latest Action Text
On agreeing to the Fitzpatrick amendment (A018) Agreed to by recorded vote: 251 - 166 (Roll no. 531). (consideration: CR H5315-5316)
Latest Action Time
12:02:41
Submitted Date
Jul 25, 2012
Chamber
House of Representatives
Update Date
Feb 3, 2022
Amendment 1464 — Informed