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Startup Support: Changes to Emerging Growth Company Definition

This act updates the definition of an "emerging growth company," allowing more young businesses to benefit from simplified rules. This gives these companies more time to grow before facing full regulatory requirements, potentially fostering job creation and innovation.
Key points
The revenue threshold for "emerging growth companies" increases from $1 billion to $3 billion.
The period a company can be considered "emerging" extends from 5 to 10 years.
More companies will benefit longer from simplified reporting requirements, reducing costs and aiding growth.
article Official text account_balance Process page
Placed on Calendar
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3323
Sponsor: Rep. Steil, Bryan [R-WI-1]
Process start date: 2025-05-13
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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 119_HR_3323.

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 2025-05-13.

What are the main provisions?

Key points include:

  • The revenue threshold for "emerging growth companies" increases from $1 billion to $3 billion.
  • The period a company can be considered "emerging" extends from 5 to 10 years.
  • More companies will benefit longer from simplified reporting requirements, reducing costs and aiding growth.
What is the specific legal status?

The current status is Placed on Calendar.

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: Placed on the Union Calendar, Calendar No. 102.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Economy