What This Bill Does · Plain English
Summary · Congress.gov
Helping Startups Continue To Grow Act This bill expands access to regulations for small, newly public companies (i.e., emerging growth companies) that allow for reduced disclosures and other exemptions from securities regulations. The bill allows emerging growth companies to continue operating under these regulations for an additional five years. It also raises the limit of total annual gross revenues under which issuers qualify as emerging growth companies to $3 billion. Finally, under the bill, a company may continue to be considered an emerging growth company even after it becomes a large accelerated filer.
Action Timeline
2025-06-04
Placed on the Union Calendar, Calendar No. 102.
2025-06-04
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-133.
2025-06-04
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-133.
2025-05-20
Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 20.
2025-05-20
Committee Consideration and Mark-up Session Held
2025-05-13
Introduced in House
2025-05-13
Referred to the House Committee on Financial Services.
2025-05-13
Introduced in House
Frequently Asked Questions
Did HR.3323 pass?
HR.3323 is still alive. Current stage: FLOOR. Pass likelihood: pending.
What does HR.3323 do?
Helping Startups Continue To Grow Act This bill expands access to regulations for small, newly public companies (i.e., emerging growth companies) that allow for reduced disclosures and other exemptions from securities regulations. The bill allows emerging growth companies to continue operating under these regulations for an additional five years. It also raises the limit of total annual gross revenues under which issuers qualify as emerging growth companies to $3 billion. Finally, under the bill, a company may continue to be considered an emerging growth company even after it becomes a large a…
Who sponsored HR.3323?
HR.3323 was sponsored by Bryan Steil (R-Wisconsin).
Full Bill Text
119 HR 3323 RH: Helping Startups Continue To Grow Act U.S. House of Representatives 2025-06-04 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IB Union Calendar No. 102 119th CONGRESS 1st Session H. R. 3323 [Report No. 119–133] IN THE HOUSE OF REPRESENTATIVES May 13, 2025 Mr. Steil (for himself and Mrs. Wagner ) introduced the following bill; which was referred to the Committee on Financial Services June 4, 2025 Additional sponsor: Mr. Liccardo June 4, 2025 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed Strike out all after the enacting clause and insert the part printed in italic For text of introduced bill, see copy of bill as introduced on May 13, 2025 A BILL To update the definition of an emerging growth company, and for other purposes. 1. Short title This Act may be cited as the Helping Startups Continue To Grow Act . 2. Emerging growth company criteria (a) Securities Act of 1933 Section 2(a)(19) of the Securities Act of 1933 ( 15 U.S.C. 77b(a)(19) ) is amended— (1) by striking $1,000,000,000 each place such term appears and inserting $3,000,000,000 ; (2) in subparagraph (B)— (A) by striking fifth and inserting 10-year ; and (B) by adding or at the end; (3) in subparagraph (C), by striking ; or and inserting a period; and (4) by striking subparagraph (D). (b) 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)— (1) by striking $1,000,000,000 each place such term appears and inserting $3,000,000,000 ; (2) in subparagraph (B)— (A) by striking fifth and inserting 10-year ; and (B) by adding or at the end; (3) in subparagraph (C), by striking ; or and inserting a period; and (4) by striking subparagraph (D). (c) Technical correction (1) 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). (2) 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) . June 4, 2025 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
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