[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2624 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 2624

 To update the definition of an emerging growth company, and for other 
                               purposes.


_______________________________________________________________________


                    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.

    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 ``$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).
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