Section 1 Short title
This Act may be cited as the “Helping Startups Continue To Grow Act”.
Helping Startups Continue To Grow Act
A BILL
To update the definition of an emerging growth company, and for other purposes.
Sec. 2 Emerging growth company criteria
Securities Act of 1933— Section 2(a)(19) of the Securities Act of 1933 (15 U.S.C. 77b(a)(19)) is amended—
by striking “$1,000,000,000” each place such term appears and inserting “$3,000,000,000”;
in subparagraph (B)—
by striking “fifth” and inserting “10-year”; and
by adding “or” at the end;
in subparagraph (C), by striking “; or” and inserting a period; and
by striking subparagraph (D).
Securities Exchange Act of 1934— Section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)) is amended, in the first paragraph (80)—
by striking “$1,000,000,000” each place such term appears and inserting “$3,000,000,000”;
in subparagraph (B)—
by striking “fifth” and inserting “10-year”; and
by adding “or” at the end;
in subparagraph (C), by striking “; or” and inserting a period; and
by striking subparagraph (D).
Technical correction—
Section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)) is amended by redesignating the second paragraph (80) as paragraph (81).
Section 4A(a)(1)(B) of the Securities Act of 1933 (77d–1(a)(1)(B)) is amended by striking “section 3(a)(80)” and inserting “section 3(a)”.