A bill to require assessment of the impact on small business concerns of rules relating to internal controls, and for other purposes.
Small Business Regulatory Review Act of 2007 - Requires the Securities and Exchange Commission (SEC), before approving any final rule of the Public Company Accounting Oversight Board (established under the Sarbanes-Oxley Act of 2002), to conduct and complete a regulatory flexibility analysis of such rule.
Requires the SEC to publish the small business compliance guide (as required under the Small Business Regulatory Enforcement Fairness Act of 1996) on the same date as the publication of the final rule issued to carry out a provision of the Sarbanes-Oxley Act concerning management of internal controls for financial reporting.
Directs the Comptroller General to conduct an assessment of the impact on small businesses of such rules.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S4693-4694)
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsor introductory remarks on measure. (CR S4838)
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