[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 4218 Introduced in Senate (IS)]

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116th CONGRESS
  2d Session
                                S. 4218

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


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 20, 2020

  Mr. Tillis introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 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) the date that is 1 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 on which 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 meanings given those terms in section 
3 of the Securities Exchange Act of 1934 (15 U.S.C. 78c).
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