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Startup Support: Extended Growth Period for Emerging Companies

New rules extend the period during which young companies can benefit from simplified regulatory requirements. This gives startups more time to grow and raise capital, potentially leading to new job creation and innovation. Citizens may indirectly benefit through economic growth and access to new products and services.
Key points
Companies classified as "emerging growth companies" can benefit from simplified regulations for 10 years instead of the previous 5 years.
The change aims to make it easier for startups to raise funds and reduce bureaucratic burdens during their initial operational phase.
The Securities Exchange Commission (SEC) has 180 days to implement these changes, without the ability to narrow the definition or increase obligations for these companies.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_4992
Sponsor: Sen. Scott, Tim [R-SC]
Process start date: 2022-09-28
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Helping Startups Continue to Grow Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4992.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-09-28.

What are the main provisions?

Key points include:

  • Companies classified as "emerging growth companies" can benefit from simplified regulations for 10 years instead of the previous 5 years.
  • The change aims to make it easier for startups to raise funds and reduce bureaucratic burdens during their initial operational phase.
  • The Securities Exchange Commission (SEC) has 180 days to implement these changes, without the ability to narrow the definition or increase obligations for these companies.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Scott, Tim [R-SC].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy