More 404(b) Permanent Reprieve News

Posted by Teresa Bockwoldt on January 12, 2010

According to Open, only 33% of visitors to the site support the H.R.4173 - Wall Street Reform and Consumer Protection Act of 2009 which includes the permanent reprieve of Section 404(b) for non-accelerated filers.  Again, non-accelerated filers have a market cap of less than $75M and have been granted a reprieve on Section 404(b) since SOX was adopted.  In November, 2009, the SEC announced that non-accelerated filers will have to comply with Section 404(b) by June 15, 2010 and H.R. 4173 was put through as an effort to permanently repeal the need for non-accelerated filers to have to comply.  Open has some nice visual displays detailing the progress of the bill.

Tags: Non-accelerated filer 404(b) information