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Referred to the House Committee on Financial Services.
Introduced May 13, 2025 by Bryan Steil · Last progress May 13, 2025
Raises the definition threshold for “emerging growth company” in federal securities law by increasing the numeric revenue cap to $3,000,000,000 and replacing a time-based reference of “fifth” with “10-year.” It makes additional small wording and punctuation edits and removes one subparagraph from the existing definitions in the Securities Act of 1933 and the Securities Exchange Act of 1934. These are technical amendments to who qualifies as an emerging growth company for securities-law relief and disclosure accommodations.