summary
Introduced
04/13/2023
04/13/2023
In Committee
04/13/2023
04/13/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To update the definition of an emerging growth company, and for other purposes.
AI Summary
This bill, the Helping Startups Continue To Grow Act, updates the definition of an "emerging growth company" under the Securities Act of 1933 and the Securities Exchange Act of 1934. Specifically, it increases the maximum revenue threshold for a company to be considered an emerging growth company from $1 billion to $2 billion, and extends the period during which a company can maintain that designation from 5 years to 10 years. These changes are intended to provide more startup companies with the regulatory relief and accommodations afforded to emerging growth companies as they continue to grow and develop.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 04/13/2023)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/2624/all-info |
| BillText | https://www.congress.gov/118/bills/hr2624/BILLS-118hr2624ih.pdf |
Loading...