Helping Startups Continue To Grow Act
HR 2624, the "Helping Startups Continue To Grow Act," raises the revenue threshold for companies classified as "emerging growth companies" under securities laws. It increases the cap from $1 billion to $2 billion in annual revenue, allowing more startups to retain simplified regulatory requirements for up to 10 years instead of 5. This directly affects early-stage businesses seeking to raise capital through public markets, reducing their compliance burden during critical growth phases. The bill modifies key provisions in the Securities Act of 1933 and Securities Exchange Act of 1934 to implement this change.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2023
Committee Review
Floor Vote
President
Introduced Apr 13, 2023
Last action Apr 13, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Apr 13, 2023
Committee
Referred to the House Committee on Financial Services.
lower
Apr 13, 2023
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Bryan Steil
RRepublican
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