3.0.0 7661 2023-01-11T13:45:54Z 2023-01-11T13:45:54Z House HR 2020-07-16 116 [Congressional Record Volume 166, Number 126 (Thursday, July 16, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. STEIL:H.R. 7661.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18 of the United StatesConstitution: To make all laws which shall be necessary andproper for carrying into execution the foregoing powers, andall other powers vested by this Constitution in thegovernment of the United States, or in any department orofficer thereof.[Page H3091]]]> hsba00 Financial Services Committee House Standing Referred to 2020-07-16T16:04:30Z Coronavirus EGC Extension Act 116 4218 S 2020-07-20 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Identical bill CRS 2020-07-16 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-07-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-07-16 Introduced in House IntroReferral 1000 9 Library of Congress S001213 Rep. Steil, Bryan [R-WI-1] Bryan Steil R WI 1 N S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2020-07-16 True H001072 Rep. Hill, J. French [R-AR-2] J. Hill R AR French 2 2020-07-16 True Finance and Financial Sector Accounting and auditing Business investment and capital Cardiovascular and respiratory health Corporate finance and management Emergency medical services and trauma care Government information and archives Infectious and parasitic diseases Securities Small business Wages and earnings Finance and Financial Sector 00 2020-07-16 Introduced in House 2020-08-12T17:21:09Z Coronavirus EGC Extension Act

This bill extends the status of an issuer of securities as an emerging growth company. Specifically, these issuers will remain emerging growth companies until the later of

  • one year after the date of enactment of this bill,
  • the end of the COVID-19 (i.e., coronavirus disease 2019) emergency declaration period, and
  • the date the issuer would otherwise cease being an emerging growth company.

Emerging growth companies (in general, a newly public company with revenues below a specified threshold) are subject to reduced disclosure requirements, among other regulations.

]]> Coronavirus EGC Extension Act Display Title Coronavirus EGC Extension Act Official Title as Introduced To temporarily prevent emerging growth companies from losing their status during the COVID-19 pandemic, and for other purposes. Introduced in House IH Short Title(s) as Introduced Coronavirus EGC Extension Act Introduced in House IH Introduced in House 2020-07-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7661ih/xml/BILLS-116hr7661ih.xml 2020-07-16 Referred to the House Committee on Financial Services. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.