summary
Introduced
09/28/2022
09/28/2022
In Committee
09/28/2022
09/28/2022
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A bill to amend the Securities Act of 1933 to extend the maximum period for which a company can be an emerging growth company from 5 years to 10 years.
AI Summary
This bill amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to extend the maximum period for which a company can be classified as an "emerging growth company" from 5 years to 10 years. Emerging growth companies are a special category of public companies that receive certain regulatory exemptions and accommodations. This change is intended to help startups continue to grow and scale without facing increased compliance requirements too early in their development.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
Last Action
Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment. Hearings held. (on 12/13/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/4992/all-info | 09/29/2022 |
| BillText | https://www.congress.gov/117/bills/s4992/BILLS-117s4992is.pdf | 10/13/2022 |
| Bill | https://www.congress.gov/117/bills/s4992/BILLS-117s4992is.pdf.pdf | 10/13/2022 |
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