118th CONGRESS 1st Session |
To update the definition of an emerging growth company, and for other purposes.
April 13, 2023
Mr. Steil introduced the following bill; which was referred to the Committee on Financial Services
To update the definition of an emerging growth company, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Helping Startups Continue To Grow Act”.
SEC. 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”;
(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”;
(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).