Fostering Innovation Act of 2017

Bill 115 hr 1645, also known as the Fostering Innovation Act of 2017, is a piece of legislation introduced in the US Congress with the aim of promoting innovation and growth in the business sector. The bill focuses on reducing regulatory burdens for small and emerging companies, particularly those in the technology and biotech industries.

One of the key provisions of the bill is the extension of the exemption period for certain companies from certain regulatory requirements. This exemption period allows these companies to focus on research and development without being bogged down by excessive regulatory compliance.

Additionally, the bill includes measures to streamline the initial public offering (IPO) process for emerging companies. This includes provisions to make it easier for these companies to go public and access capital markets, which can be crucial for their growth and success. Overall, the Fostering Innovation Act of 2017 aims to create a more favorable environment for small and emerging companies to thrive and innovate. By reducing regulatory burdens and streamlining the IPO process, the bill seeks to encourage entrepreneurship and drive economic growth in the United States.