SEC Adopts Rules That Implement FAST Act Provisions

The SEC adopted interim final amendments to its rules and forms that implement Sections 71003 and 84001 of the Fixing America's Surface Transportation ("FAST") Act (H.R. 22). The amendments revise (i) Forms S-1 and F-1, to allow emerging growth companies to omit financial information for certain historical periods, and (ii) Form S-1, to allow smaller reporting companies to use incorporation by reference in their future filings.

The SEC also requested comments on whether the final rules should be expanded to include other registrants or forms. Comments must be submitted by February 18, 2016.