Section 1 Short title
This Act may be cited as the “Get Regulation Out of the Way Act of 2015” or the “GROW Act of 2015”.
Get Regulation Out of the Way Act of 2015
A BILL
To amend the Sarbanes-Oxley Act of 2002 to exempt issuers with a total market capitalization of less than $2,000,000,000 from the auditor attestation requirement for internal control assessments.
Sec. 2 Additional exemption from auditor attestation to internal control assessments
Section 404(c) of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7262(c)) is amended—
by striking the period at the end and inserting “; or”;
by striking “prepared for an issuer” and inserting the following:
“(1) an issuer”
by adding at the end the following:
“(2) an issuer that, as of the first day of the fiscal year to which the assessment described in such subsection relates, has a total market capitalization of less than $2,000,000,000.”