[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7661 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 7661

  To temporarily prevent emerging growth companies from losing their 
      status during the COVID-19 pandemic, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 16, 2020

    Mr. Steil (for himself, Mr. Stivers, and Mr. Hill of Arkansas) 
 introduced the following bill; which was referred to the Committee on 
                           Financial Services

_______________________________________________________________________

                                 A BILL


 
  To temporarily prevent emerging growth companies from losing their 
      status during the COVID-19 pandemic, 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 ``Coronavirus EGC Extension Act''.

SEC. 2. EXTENSION OF EMERGING GROWTH COMPANY DESIGNATION.

    (a) In General.--Any issuer that was an emerging growth company 
during the entire period beginning on March 13, 2020, and ending on the 
date of enactment of this Act shall be deemed an emerging growth 
company until the later of--
            (1) one year after the date of enactment of this Act;
            (2) the end of the incident period for the emergency 
        declared by the President under section 501(b) of the Robert T. 
        Stafford Disaster Relief and Emergency Assistance Act (42 
        U.S.C. 5191(b)) with respect to the Coronavirus Disease 2019 
        (COVID-19); and
            (3) the date that the issuer would cease being an emerging 
        growth company absent the application of this section.
    (b) Definitions.--In this section, the terms ``emerging growth 
company'' and ``issuer'' have the meaning given those terms, 
respectively, under section 3 of the Securities Exchange Act of 1934 
(15 U.S.C. 78c).
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