Bill · H.R. 3323· House(119-HR-3323)
Helping Startups Continue To Grow Act
- Introduced
- 5/13/2025
- Last activity
- 6/4/2025 — Placed on the Union Calendar, Calendar No. 102.
- Sponsored by
- Bryan Steil
- Cosponsors
- - 1 - 1
- Introduced
- 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
Would business owners be better off under this?+6
The bill specifically eases thresholds and timeframes for business owners in the emerging growth category.
Does this make it easier to run a small business?+5
Raising the revenue threshold allows more high-growth companies to benefit from emerging growth company provisions.
Is this likely to grow the economy?+4
The bill aims to help startups continue to grow by updating thresholds for emerging growth status.
The opposite
Does this give people more protection from unfair business practices?-2
The removal of specific criteria and extended timeframes might reduce certain disclosure requirements that protect investors.
Who it would affect, and how
Potential Positive Impacts for People
-
Updated Company Thresholds: By increasing the limit from $1,000,000,000 to $3,000,000,000 in both the Securities Act of 1933 and the Securities Exchange Act of 1934, the bill updates the definition of an emerging growth company. (Sec. 2(a)(1) and Sec. 2(b)(1))
-
Extended Growth Period: The bill changes the timeframe in subparagraph (B) from "fifth" to "10-year," which extends how long a company might qualify under these criteria. (Sec. 2(a)(2)(A) and Sec. 2(b)(2)(A))
Potential Negative Impacts for People
- Removal of Criteria: The bill strikes subparagraph (D) in both the Securities Act of 1933 and the Securities Exchange Act of 1934, which removes a specific category or provision used to define emerging growth companies. (Sec. 2(a)(4) and Sec. 2(b)(4))
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+6Good For High Income Households+3Good For High Net Worth Individuals+3
- Economy And Finance
- Improves Small Business Support+5Improves Economic Growth+4Increases Job Creation+3Improves Consumer Protection-2
- 6/4/2025
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-133.
- Placed on the Union Calendar, Calendar No. 102.
- 5/20/2025
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 20.
- 5/19/2025
- 1 Cosponsor added.
- 5/13/2025
- Referred to the House Committee on Financial Services.
- 1 Cosponsor added.
- Introduced in House
Sam LiccardoDemocrat · California
Ann WagnerRepublican · Missouri