Bill > HR2603

This bill requires the Securities and Exchange Commission (SEC) to revise certain thresholds related to smaller reporting companies, accelerated filers, and large accelerated filers. Specifically, it increases the public float and revenue thresholds for defining a smaller reporting company, and adjusts the thresholds for when an issuer is considered a large accelerated filer or no longer an accelerated filer or large accelerated filer. The bill also requires the SEC to use a three-year rolling average for revenue calculations in determining smaller reporting company status. Additionally, it excludes smaller reporting companies from the definitions of accelerated filer and large accelerated filer.

Business and Industry

https://www.congress.gov/bill/118th-congress/house-bill/2603/all-info