S. 2126 - Fostering Innovation Act of 2017

Finance and financial sector. 115th Congress (2017-2018) View bill details
Sponsor:
Summary:
A bill to amend the Sarbanes-Oxley Act of 2002 to provide a temporary exemption for low-revenue issuers from certain auditor attestation requirements. (by CRS) 
Status:
The bill has been referred to committee. 
There have been no votes on this bill.

Fostering Innovation Act of 2017

S. 2126 — 115th Congress (2017–2018)

Summary
A bill to amend the Sarbanes-Oxley Act of 2002 to provide a temporary exemption for low-revenue issuers from certain auditor attestation requirements. (by CRS)
Learn More
At OpenCongress
Title
A bill to amend the Sarbanes-Oxley Act of 2002 to provide a temporary exemption for low-revenue issuers from certain auditor attestation requirements.
Other Titles
  • Fostering Innovation Act of 2017
  • Fostering Innovation Act of 2017
Sponsor
Thom Tillis
Co-Sponsors
Subjects
  • Finance and financial sector
  • Accounting and auditing
  • Administrative law and regulatory procedures
  • Business investment and capital
  • Corporate finance and management
  • Securities
  • Securities and Exchange Commission (SEC)
Related Bills
Major Actions
Introduced11/15/2017
Bill History

There have been no votes on this bill.

ActionDateDescription
Introduced11/15/2017
11/15/2017Introduced in Senate
11/15/2017Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
6/26/2018Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-354.
NumberSponsorDate OfferedStatus
scale for bar graph of contributions

Contributions

  1. November - December 2010 For $4,400 Against $0
  2. January - February 2011 For $23,700 Against $0
  3. March - April 2011 For $43,700 Against $0
  4. May - June 2011 For $51,183 Against $0
  5. July - August 2011 For $45,150 Against $0
  6. September - October 2011 For $52,750 Against $0
  7. November - December 2011 For $52,000 Against $0
  8. January - February 2012 For $28,350 Against $0
  9. March - April 2012 For $58,750 Against $0
  10. May - June 2012 For $68,750 Against $0
  11. July - August 2012 For $31,414 Against $0
  12. September - October 2012 For $78,370 Against $0
  13. November - December 2012 For $12,250 Against $0
  14. January - February 2013 For $40,000 Against $0
  15. March - April 2013 For $29,150 Against $0
  16. May - June 2013 For $45,200 Against $0
  17. July - August 2013 For $13,500 Against $0
  18. September - October 2013 For $49,150 Against $0
  19. November - December 2013 For $58,250 Against $0
  20. January - February 2014 For $19,700 Against $0
  21. March - April 2014 For $81,329 Against $0
  22. May - June 2014 For $130,079 Against $0
  23. July - August 2014 For $32,750 Against $0
  24. September - October 2014 For $67,900 Against $0
  25. November - December 2014 For $21,950 Against $0
  26. January - February 2015 For $21,205 Against $0
  27. March - April 2015 For $52,525 Against $0
  28. May - June 2015 For $83,150 Against $0
  29. July - August 2015 For $12,500 Against $0
  30. September - October 2015 For $68,155 Against $0
  31. November - December 2015 For $69,470 Against $0
  32. January - February 2016 For $20,950 Against $0
  33. March - April 2016 For $110,736 Against $0
  34. May - June 2016 For $156,700 Against $0
  35. July - August 2016 For $66,417 Against $0
  36. September - October 2016 For $71,261 Against $0
  37. November - December 2016 For $2,816 Against $0

Votes

    1 Organization Supports and 0 Oppose; See Which Ones

    Organizations that took a position on
    Fostering Innovation Act of 2017

    1 organization support this bill

    Biotechnology Industry Organization
    Bradon, Carrie (2018, January 9). Biotechnology Innovation Organization applauds Fostering Innovation Act introduction. Retrieved January 10, 2018, from BIO.

    0 organizations oppose this bill

    Need proof?

    View citations of support and opposition

    Includes reported contributions to congressional campaigns of Senators in office during the 115th U.S. Congress, from Biotech products & research interest groups, November 29, 2010 – November 28, 2016.
    Contributions data source: OpenSecrets.org

    Contributions by Legislator

    Namesort iconPartyState$ From Interest Groups
    That Support
    $ From Interest Groups
    That Oppose
    Andrew Lamar AlexanderRTN$21,500$0
    Tammy BaldwinDWI$8,400$0
    John BarrassoRWY$14,000$0
    Michael F. BennetDCO$83,600$0
    Richard BlumenthalDCT$16,000$0
    Roy BluntRMO$45,350$0
    Cory A. BookerDNJ$26,200$0
    John BoozmanRAR$10,000$0
    Sherrod BrownDOH$8,950$0
    Richard BurrRNC$70,800$0
    Maria CantwellDWA$10,650$0
    Shelley Moore CapitoRWV$2,500$0
    Ben CardinDMD$14,850$0
    Tom CarperDDE$5,400$0
    Bob CaseyDPA$44,750$0
    Bill CassidyRLA$55,350$0
    William Thad CochranRMS$8,500$0
    Susan M. CollinsRME$4,250$0
    Christopher A. CoonsDDE$8,750$0
    Bob CorkerRTN$7,250$0
    John CornynRTX$30,200$0
    Catherine Cortez MastoDNV$13,451$0
    Tom CottonRAR$6,350$0
    Mike CrapoRID$10,000$0
    Ted CruzRTX$19,500$0
    Steve DainesRMT$750$0
    Joe DonnellyDIN$7,950$0
    Tammy DuckworthDIL$14,500$0
    Dick DurbinDIL$4,600$0
    Mike EnziRWY$32,850$0
    Joni ErnstRIA$0$0
    Dianne FeinsteinDCA$33,200$0
    Deb FischerRNE$3,500$0
    Jeff FlakeRAZ$2,964$0
    Al FrankenDMN$11,800$0
    Cory GardnerRCO$22,350$0
    Kirsten E. GillibrandDNY$31,000$0
    Lindsey GrahamRSC$1,900$0
    Chuck GrassleyRIA$20,500$0
    Kamala D. HarrisDCA$25,875$0
    Margaret Wood HassanDNH$12,250$0
    Orrin G. HatchRUT$52,500$0
    Martin HeinrichDNM$13,300$0
    Heidi HeitkampDND$10,750$0
    Dean HellerRNV$7,745$0
    Mazie K. HironoDHI$3,500$0
    John HoevenRND$7,750$0
    Jim InhofeROK$750$0
    Johnny IsaksonRGA$32,300$0
    Ron JohnsonRWI$15,020$0
    Tim KaineDVA$20,800$0
    John KennedyRLA$0$0
    Angus S. King, Jr.IME$18,950$0
    Amy KlobucharDMN$2,000$0
    James LankfordROK$5,000$0
    Patrick J. LeahyDVT$14,750$0
    Mike LeeRUT$3,950$0
    Joe Manchin, IIIDWV$5,250$0
    Ed MarkeyDMA$72,300$0
    John McCainRAZ$27,700$0
    Claire McCaskillDMO$15,375$0
    Addison "Mitch" McConnellRKY$41,600$0
    Bob MenéndezDNJ$16,650$0
    Jeff MerkleyDOR$18,300$0
    Jerry MoranRKS$14,250$0
    Lisa MurkowskiRAK$1,000$0
    Chris MurphyDCT$16,900$0
    Patty MurrayDWA$48,676$0
    Clarence "Bill" NelsonDFL$9,750$0
    Rand PaulRKY$7,000$0
    David PerdueRGA$22,600$0
    Gary C. PetersDMI$33,700$0
    Rob PortmanROH$29,100$0
    John "Jack" ReedDRI$1,000$0
    Jim RischRID$2,000$0
    Charles "Pat" RobertsRKS$28,100$0
    Mike RoundsRSD$1,500$0
    Marco RubioRFL$9,700$0
    Bernie SandersIVT$0$0
    Ben SasseRNE$30,429$0
    Brian SchatzDHI$18,250$0
    Chuck SchumerDNY$88,000$0
    Tim ScottRSC$22,550$0
    Jeanne ShaheenDNH$20,100$0
    Richard C. ShelbyRAL$3,000$0
    Debbie StabenowDMI$9,800$0
    Luther StrangeRAL$0$0
    Dan SullivanRAK$3,529$0
    Jon TesterDMT$16,250$0
    John ThuneRSD$6,500$0
    Thom TillisRNC$11,500$0
    Patrick J. ToomeyRPA$33,690$0
    Tom UdallDNM$11,900$0
    Chris Van HollenDMD$31,000$0
    Mark R. WarnerDVA$12,150$0
    Elizabeth WarrenDMA$50,823$0
    Sheldon WhitehouseDRI$43,583$0
    Roger F. WickerRMS$0$0
    Ron WydenDOR$52,000$0
    Todd YoungRIN$6,500$0

    Add Data Filters:

    Legislator Filters
    Legislator Filters
    NamePartyState$ From Interest Groups
    That Support
    $ From Interest Groups
    That Oppose
    Andrew Lamar AlexanderRTN$21,500$0
    Tammy BaldwinDWI$8,400$0
    John BarrassoRWY$14,000$0
    Michael F. BennetDCO$83,600$0
    Richard BlumenthalDCT$16,000$0
    Roy BluntRMO$45,350$0
    Cory A. BookerDNJ$26,200$0
    John BoozmanRAR$10,000$0
    Sherrod BrownDOH$8,950$0
    Richard BurrRNC$70,800$0
    Maria CantwellDWA$10,650$0
    Shelley Moore CapitoRWV$2,500$0
    Ben CardinDMD$14,850$0
    Tom CarperDDE$5,400$0
    Bob CaseyDPA$44,750$0
    Bill CassidyRLA$55,350$0
    William Thad CochranRMS$8,500$0
    Susan M. CollinsRME$4,250$0
    Christopher A. CoonsDDE$8,750$0
    Bob CorkerRTN$7,250$0
    John CornynRTX$30,200$0
    Catherine Cortez MastoDNV$13,451$0
    Tom CottonRAR$6,350$0
    Mike CrapoRID$10,000$0
    Ted CruzRTX$19,500$0
    Steve DainesRMT$750$0
    Joe DonnellyDIN$7,950$0
    Tammy DuckworthDIL$14,500$0
    Dick DurbinDIL$4,600$0
    Mike EnziRWY$32,850$0
    Joni ErnstRIA$0$0
    Dianne FeinsteinDCA$33,200$0
    Deb FischerRNE$3,500$0
    Jeff FlakeRAZ$2,964$0
    Al FrankenDMN$11,800$0
    Cory GardnerRCO$22,350$0
    Kirsten E. GillibrandDNY$31,000$0
    Lindsey GrahamRSC$1,900$0
    Chuck GrassleyRIA$20,500$0
    Kamala D. HarrisDCA$25,875$0
    Margaret Wood HassanDNH$12,250$0
    Orrin G. HatchRUT$52,500$0
    Martin HeinrichDNM$13,300$0
    Heidi HeitkampDND$10,750$0
    Dean HellerRNV$7,745$0
    Mazie K. HironoDHI$3,500$0
    John HoevenRND$7,750$0
    Jim InhofeROK$750$0
    Johnny IsaksonRGA$32,300$0
    Ron JohnsonRWI$15,020$0
    Tim KaineDVA$20,800$0
    John KennedyRLA$0$0
    Angus S. King, Jr.IME$18,950$0
    Amy KlobucharDMN$2,000$0
    James LankfordROK$5,000$0
    Patrick J. LeahyDVT$14,750$0
    Mike LeeRUT$3,950$0
    Joe Manchin, IIIDWV$5,250$0
    Ed MarkeyDMA$72,300$0
    John McCainRAZ$27,700$0
    Claire McCaskillDMO$15,375$0
    Addison "Mitch" McConnellRKY$41,600$0
    Bob MenéndezDNJ$16,650$0
    Jeff MerkleyDOR$18,300$0
    Jerry MoranRKS$14,250$0
    Lisa MurkowskiRAK$1,000$0
    Chris MurphyDCT$16,900$0
    Patty MurrayDWA$48,676$0
    Clarence "Bill" NelsonDFL$9,750$0
    Rand PaulRKY$7,000$0
    David PerdueRGA$22,600$0
    Gary C. PetersDMI$33,700$0
    Rob PortmanROH$29,100$0
    John "Jack" ReedDRI$1,000$0
    Jim RischRID$2,000$0
    Charles "Pat" RobertsRKS$28,100$0
    Mike RoundsRSD$1,500$0
    Marco RubioRFL$9,700$0
    Bernie SandersIVT$0$0
    Ben SasseRNE$30,429$0
    Brian SchatzDHI$18,250$0
    Chuck SchumerDNY$88,000$0
    Tim ScottRSC$22,550$0
    Jeanne ShaheenDNH$20,100$0
    Richard C. ShelbyRAL$3,000$0
    Debbie StabenowDMI$9,800$0
    Luther StrangeRAL$0$0
    Dan SullivanRAK$3,529$0
    Jon TesterDMT$16,250$0
    John ThuneRSD$6,500$0
    Thom TillisRNC$11,500$0
    Patrick J. ToomeyRPA$33,690$0
    Tom UdallDNM$11,900$0
    Chris Van HollenDMD$31,000$0
    Mark R. WarnerDVA$12,150$0
    Elizabeth WarrenDMA$50,823$0
    Sheldon WhitehouseDRI$43,583$0
    Roger F. WickerRMS$0$0
    Ron WydenDOR$52,000$0
    Todd YoungRIN$6,500$0

    Interest Groups that support this bill

    $ Donated
    Biotech products & research$1,875,610

    Interest Groups that oppose this bill

    $ Donated
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