[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6049 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 6049

 To remove the limitation on large accelerated filers qualifying as an 
            emerging growth company, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                              June 8, 2018

   Mr. Kustoff of Tennessee introduced the following bill; which was 
            referred to the Committee on Financial Services

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                                 A BILL


 
 To remove the limitation on large accelerated filers qualifying as an 
            emerging growth company, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``The Business Startup Clarification 
Act of 2018''.

SEC. 2. EMERGING GROWTH COMPANY CRITERIA.

    (a) Securities Act of 1933.--Section 2(a)(19)(D) of the Securities 
Act of 1933 (15 U.S.C. 77b(a)(19)(D)) is amended to read as follows:
                    ``(D) the date on which the public float of such 
                issuer surpasses an amount established by the 
                Commission, but which amount may not be less than the 
                value of public float required to qualify as a large 
                accelerated filer under section 240.12b-2 of title 17, 
                Code of Federal Regulations.''.
    (b) Securities Exchange Act of 1934.--Subparagraph (D) of the first 
paragraph (80) of section 3(a) of the Securities Exchange Act of 1934 
(15 U.S.C. 78c(a)) (relating to emerging growth companies) is amended 
to read as follows:
                    ``(D) the date on which the public float of such 
                issuer surpasses an amount established by the 
                Commission, but which amount may not be less than the 
                value of public float required to qualify as a large 
                accelerated filer under section 240.12b-2 of title 17, 
                Code of Federal Regulations.''.
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