CONGRESS FOR VOTERS

Bryan Steil (R-WI)

Helping Startups Continue To Grow Act

H.R. 3323 · House bill Finance and Financial Sector

A Republican bill with 1 Democratic cosponsor · See all 2 cosponsors

Last activity — Placed on the Union Calendar, Calendar No. 102.

Cleared committee, waiting for its first floor vote

A committee approved it and it is on the calendar of the chamber it started in.

This is further than most bills get, and still no promise of a vote: the calendar is a queue, and the majority leadership decides what is called. A bill can sit here until the Congress ends.

Its path through Congress

  1. Introduced
  2. On Calendar

What this bill would do

This bill, known as the "Helping Startups Continue To Grow Act," aims to update the definition of an emerging growth company. It proposes specific changes to the Securities Act of 1933 and the Securities Exchange Act of 1934. The legislation increases the monetary threshold for these companies from $1,000,000,000 to $3,000,000,000. Additionally, it extends the time frame in subparagraph (B) from a "fifth" year to a "10-year" period. The bill also includes various technical corrections to ensure the acts remain consistent after these changes.

Yes· 3 of 6

  • Scored +6

    Would business owners be better off under this?

    The bill specifically eases thresholds and timeframes for business owners in the emerging growth category.

  • Scored +5

    Does this make it easier to run a small business?

    Raising the revenue threshold allows more high-growth companies to benefit from emerging growth company provisions.

  • Scored +4

    Is this likely to grow the economy?

    The bill aims to help startups continue to grow by updating thresholds for emerging growth status.

The opposite

  • Scored -2

    Does this give people more protection from unfair business practices?

    The removal of specific criteria and extended timeframes might reduce certain disclosure requirements that protect investors.