The Business Startup Clarification Act of 2018

Bill: 115-hr-6049
Sponsor: full_name: Rep. Kustoff, David [R-TN-8]
Introduced: 2018-06-08
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures

Securities

Securities and Exchange Commission (SEC)
Latest action: action_date: 2018-06-08
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2018-06-08
action_desc: Introduced in House
text: <p><b>The Business Startup Clarification Act of 2018 </b></p> <p>This bill amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to allow a large accelerated filer to be considered an emerging growth company under certain circumstances. </p>

tv_txt: I 115th CONGRESS 2d Session H. R. 6049 IN THE HOUSE OF REPRESENTATIVES June 8, 2018 Mr. Kustoff of Tennessee introduced the following bill; which was referred to the Committee on Financial Services A BILL To remove the limitation on large accelerated filers qualifying as an emerging growth company, and for other purposes.

1. Short title This Act may be cited as the The Business Startup Clarification Act of 2018 . 2. Emerging growth company criteria (a) Securities Act of 1933 Section 2(a)(19)(D) of the Securities Act of 1933 ( 15 U.S.C. 77b(a)(19)(D) ) is amended to read as follows: (D) the date on which the public float of such issuer surpasses an amount established by the Commission, but which amount may not be less than the value of public float required to qualify as a large accelerated filer under section 240.12b–2 of title 17, Code of Federal Regulations. . (b) Securities Exchange Act of 1934 Subparagraph (D) of the first paragraph (80) of section 3(a) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a) ) (relating to emerging growth companies) is amended to read as follows: (D) the date on which the public float of such issuer surpasses an amount established by the Commission, but which amount may not be less than the value of public float required to qualify as a large accelerated filer under section 240.12b–2 of title 17, Code of Federal Regulations. .