,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #bfbi  ,,in ,,the ,,house ,,of  
,,representatives  ,july #i1 #bjac ,mr4 
,fitzpatrick introduced the following   
bill2 which was referred to the         
,committee on ,financial ,services  ,a  
,,bill  ,to provide an exemption for    
low-revenue companies from certain ,,sec
 regulations4  #a4 ,short title ,this   
,act may be cited as the ,fostering     
,innovation ,act of #bjac4  #b4         
,exemption for low-revenue companies    
from certain ,,sec regulations ,not     
later than #ahj days after the date of  
the enactment of this ,act1 the         
,securities and ,exchange ,commission   
shall revise the definition of          
accelerated filer1 as such term is      
defined in ,rule #ab;b-#b of the        
,commission 7#ag ,c4,f4,r4              
#bdj4ab;b-#b71 to include issuers that  
have annual revenues of greater than    
#ajj1jjj1jjj during the most recently   
completed fiscal year for which audited 
financial statements are available and  

have an aggregated worldwide market     
value of the voting and non-voting      
common equity held by its non-affiliates
 of #bej1jjj1jjj or more1 but less than 
#gjj1jjj1jjj1 as of the last business   
day of the issuer's most recently       
completed second fiscal quarter4