Helping Startups Continue To Grow Act

Bill: 118-hr-2624
Sponsor: full_name: Rep. Steil, Bryan [R-WI-1]
Introduced: 2023-04-13
Policy area: Finance and Financial Sector
Latest action: action_date: 2023-04-13
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2023-04-13
action_desc: Introduced in House
text: <p><b>Helping Startups Continue To Grow Act </b></p> <p>This bill allows certain issuers of securities regulated as emerging growth companies to continue operating under such regulations, including those related to reduced disclosures and other exemptions, for an additional five years. It also raises the limit of total annual gross revenues under which issuers qualify as emerging growth companies to $2 billion. Finally, under the bill, a company may continue to be considered an emerging growth company even after it becomes a large accelerated filer. </p>

tv_txt: I 118th CONGRESS 1st Session H. R. 2624 IN THE HOUSE OF REPRESENTATIVES April 13, 2023 Mr. Steil introduced the following bill; which was referred to the Committee on Financial Services A BILL To update the definition of an emerging growth company, and for other purposes.

1. Short title This Act may be cited as the Helping Startups Continue To Grow Act . 2. Emerging growth company criteria (a) Securities Act of 1933 Section 2(a)(19) of the Securities Act of 1933 ( 15 U.S.C. 77b(a)(19) ) is amended— (1) by striking $1,000,000,000 each place such term appears and inserting $2,000,000,000 ; (2) in subparagraph (B)— (A) by striking fifth and inserting 10-year ; and (B) by adding or at the end; (3) in subparagraph (C), by striking ; or and inserting a period; and (4) by striking subparagraph (D). (b) Securities Exchange Act of 1934 Section 3(a) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a) ) is amended, in the first paragraph (80)— (1) by striking $1,000,000,000 each place such term appears and inserting $2,000,000,000 ; (2) in subparagraph (B)— (A) by striking fifth and inserting 10-year ; and (B) by adding or at the end; (3) in subparagraph (C), by striking ; or and inserting a period; and (4) by striking subparagraph (D).