,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #chhf  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #bc1 #bjai,mr4  
,mc,adams 7= himself & ,mr4 ,holl+swor?7
 introduc$ ! foll[+ bill2 :i* 0 ref]r$  
to ! ,committee on ,f9ancial ,s]vices   
,a ,,bill  ,to am5d ! ,s>banes-,oxley   
,act ( #bjjb to provide a tempor>y      
exemption = l[-rev5ue issu]s f c]ta9    
auditor atte/ation requirem5ts4  #a4    
,%ort title ,?is ,act may be cit$ z !   
,fo/]+ ,innovation ,act ( #bjai4  #b4   
,tempor>y exemption = l[-rev5ue issu]s  
,section #djd ( ! ,s>banes-,oxley ,act (
 #bjjb 7#ae ,u4,s4,c4 #gbfb7 is am5d$ by
 add+ at ! end ! foll[+3  7d7 ,tempor>y 
exemption = l[-,rev5ue issu]s  7#a7     
,l[-rev5ue exemption ,subsection 7b7    
%all n apply ) respect to an audit      
report prep>$ = an issu] t-- 7,a7 ceas$ 
to be an em]g+ gr[? company on ! la/ day
 ( ! fiscal ye> ( ! issu] foll[+ ! fif? 
anniv]s>y ( ! date ( ! fir/ sale (      
common equity securities ( ! issu]      
pursuant to an effective regi/ration    

/atem5t "u ! ,securities ,act ( #aicc2  
7,b7 _h av]age annual gross rev5ues (   
less ?an #ej1jjj1jjj z ( its mo/ rec5tly
 complet$ fiscal ye>2 &  7,c7 is n a    
l>ge accel]at$ fil]4  7#b7 ,expiration (
 tempor>y exemption ,an issu] ceases to 
be eligible = ! exemption describ$ "u   
p>agraph 7#a7 at ! e>lie/ (--  7,a7 !   
la/ day ( ! fiscal ye> ( ! issu] foll[+ 
! t5? anniv]s>y ( ! date ( ! fir/ sale (
 common equity securities ( ! issu]     
pursuant to an effective regi/ration    
/atem5t "u ! ,securities ,act ( #aicc2  
7,b7 ! la/ day ( ! fiscal ye> ( ! issu] 
dur+ :i* ! av]age annual gross rev5ues (
 ! issu] exce$ #ej1jjj1jjj2 or  7,c7 !  
date on :i* ! issu] becomes a l>ge      
accel]at$ fil]4  7#c7 ,def9itions ,=    
purposes ( ?is subsection3  7,a7 ,av]age
 annual gross rev5ues ,! t]m av]age     
annual gross rev5ues means ! total gross
 rev5ues ( an issu] ov] its mo/ rec5tly 
complet$ ?ree fiscal ye>s divid$ by     
?ree4  7,b7 ,em]g+ gr[? company ,! t]m  
em]g+ gr[? company has ! mean+ giv5 su* 

t]m "u section #c ( ! ,securities       
,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4    
#gh;c74  7,c7 ,l>ge accel]at$ fil] ,!   
t]m l>ge accel]at$ fil] has ! mean+ giv5
 t t]m "u section #bdj4ab;b-#b ( title  
#ag1 ,code ( ,f$]al ,regulations1 or any
 successor !reto4  4