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Helping Startups Continue To Grow Act
H. R. 3323 To update the definition of an emerging growth company, and for other purposes.
Summary
This bill updates the federal definition of an emerging growth company, a classification that provides regulatory relief and reduced disclosure requirements to smaller public companies. The bill raises the annual revenue threshold for qualifying as an emerging growth company from $1 billion to $3 billion. The bill also extends the period during which a company can be classified as an emerging growth company from five years to ten years following its initial public offering. These changes apply to both the Securities Act of 1933 and the Securities Exchange Act of 1934, allowing more companies to benefit from these regulatory provisions for a longer duration.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Steil, Bryan [R-WI-1] (R-WI)
2 cosponsors
- Rep. Liccardo, Sam T. [D-CA-16] (D-CA)
- Rep. Wagner, Ann [R-MO-2] (R-MO)
Actions (6)
- Jun 4, 2025 Placed on the Union Calendar, Calendar No. 102. · house
- Jun 4, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-133. · house
- May 20, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 20. · house
- May 20, 2025 Committee Consideration and Mark-up Session Held · house
- May 13, 2025 Referred to the House Committee on Financial Services. · house
- May 13, 2025 Introduced in House
More bills on these subjects (8)
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Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (2)
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Full text
IN THE HOUSE OF REPRESENTATIVES
May 13, 2025
Mr. Steil (for himself and Mrs. Wagner) introduced the following bill; which was referred to the Committee on Financial Services
June 4, 2025
Additional sponsor: Mr. Liccardo
June 4, 2025
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed [Strike out all after the enacting clause and insert the part printed in italic] [For text of introduced bill, see copy of bill as introduced on May 13, 2025]
A BILL
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,
SECTION 1. SHORT TITLE.
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 “$3,000,000,000”;
(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 “$3,000,000,000”;
(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).
(c) Technical Correction.—
(1) Section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)) is amended by redesignating the second paragraph
(80) as paragraph (81).
(2) Section 4A(a)(1)(B) of the Securities Act of 1933 (77d- 1(a)(1)(B)) is amended by striking “section 3(a)(80)” and inserting “section 3(a)”. Union Calendar No. 102
119th CONGRESS
1st Session
H. R. 3323
[Report No. 119-133]
A BILL
To update the definition of an emerging growth company, and for other purposes.
June 4, 2025
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
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