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Support for Growing Businesses: New Rules for Startups

This act changes the definition of an "emerging growth company" by increasing the annual revenue limit from $1 billion to $2 billion. It also extends the period during which a company can benefit from certain regulatory facilitations from 5 to 10 years. These changes aim to make it easier for smaller companies to raise capital and grow, which may indirectly affect the availability of products and services and job creation.
Key points
Companies can have twice the revenue (up to $2 billion) to still be considered "emerging growth companies."
The period during which companies can use simplified rules is extended from 5 to 10 years.
The changes aim to support the growth of small and medium-sized enterprises, potentially leading to more innovation and new jobs.
article Official text account_balance Process page
Expired
Citizen Poll
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Additional Information
Print number: 118_HR_2624
Sponsor: Rep. Steil, Bryan [R-WI-1]
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

Helping Startups Continue To Grow Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2624.

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:

  • Companies can have twice the revenue (up to $2 billion) to still be considered "emerging growth companies."
  • The period during which companies can use simplified rules is extended from 5 to 10 years.
  • The changes aim to support the growth of small and medium-sized enterprises, potentially leading to more innovation and new jobs.
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. Steil, Bryan [R-WI-1].

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