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Threshold Changes for Companies: Easing Rules for Smaller Businesses

This bill aims to simplify operations for smaller companies by revising their classification rules. More businesses will qualify for simplified reporting requirements, potentially reducing their costs and administrative burden. Ultimately, this could foster the growth of small and medium-sized enterprises, indirectly impacting the job market and product availability.
Key points
More companies will be classified as "smaller reporting companies," leading to less complex financial reporting.
Increased market value and annual revenue thresholds for companies eligible for simplified rules.
Introduction of a three-year rolling average for revenue calculation, providing more stability in company classification.
Changes are designed to reduce regulatory burdens for many businesses.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_2603
Sponsor: Rep. Luetkemeyer, Blaine [R-MO-3]
Process start date: 2023-04-13
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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

To require the Securities and Exchange Commission to revise certain thresholds related to smaller reporting companies, accelerated filers, and large accelerated filers, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2603.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-04-13.

What are the main provisions?

Key points include:

  • More companies will be classified as "smaller reporting companies," leading to less complex financial reporting.
  • Increased market value and annual revenue thresholds for companies eligible for simplified rules.
  • Introduction of a three-year rolling average for revenue calculation, providing more stability in company classification.
  • Changes are designed to reduce regulatory burdens for many businesses.
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 Rep. Luetkemeyer, Blaine [R-MO-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy