May 13, 2025
Mr. Steil (for himself and Mrs. Wagner) 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.
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).