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.

IBUnion Calendar No. 102119th CONGRESS1st SessionH. R. 3323[Report No. 119–133]IN THE HOUSE OF REPRESENTATIVESMay 13, 2025Mr. Steil (for himself and Mrs. Wagner) introduced the following bill; which was referred to the Committee on Financial ServicesJune 4, 2025Additional sponsor: Mr. LiccardoJune 4, 2025Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printedStrike out all after the enacting clause and insert the part printed in italicFor text of introduced bill, see copy of bill as introduced on May 13, 2025A BILLTo 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, 2025Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed