,i #aafth ,,congress #ast ,session ,h4 ,r4 #diah ,,in ,,the ,,house ,,of ,,representatives ,october #cj1 #bjai,mr4 ,steil 7for himself1 ,mr4 ,hill of ,arkansas1 ,mr4 ,stivers1 ,mr4 ,gooden1 and ,mr4 ,hollingsworth7 introduced the following bill2 which was referred to the ,committee on ,financial ,services ,a ,,bill ,to provide for a #e-year extension of certain exemptions and reduced disclosure requirements for companies that were emerging growth companies and would continue to be emerging growth companies but for the #e-year restriction on emerging growth companies1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,helping ,startups ,continue to ,grow ,act4 #b4 ,on-ramp extension 7a7 ,definition of a recent emerging growth company 7#a7 ,securities ,act of #aicc ,section #b7;a7 of the ,securities ,act of #aicc 7#ae ,u4,s4,c4 #gg;b7a77 is amended by adding at the end the following3 7#bj7 ,recent emerging growth company ,the term recent emerging growth company means an issuer that-- 7,a7 was1 but is no longer1 an emerging growth company2 7,b7 would continue to be an emerging growth company but for the application of subparagraph 7,b7 of paragraph 7#ai72 and 7,c7 ceased to be an emerging growth company within the previous #e-year period4 4 7#b7 ,securities ,exchange ,act of #aicd ,section #c7;a7 of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gh;c7a77 is amended-- 7,a7 by redesignating the second paragraph 7#hj7 as paragraph 7#ha72 and 7,b7 by adding at the end the following3 7#hb7 ,recent emerging growth company ,the term recent emerging growth company means an issuer that-- 7,a7 was1 but is no longer1 an emerging growth company2 7,b7 would continue to be an emerging growth company but for the application of subparagraph 7,b7 of paragraph 7#hj72 and 7,c7 ceased to be an emerging growth company within the previous #e-year period4 4 7b7 ,streamlined financial disclosures 7#a7 ,securities ,act of #aicc ,section #g7;a77#b7 of the ,securities ,act of #aicc 7#ae ,u4,s4,c4 #gg;g7a77#b77 is amended-- 7,a7 by inserting after ,an emerging growth company the following3 and a recent emerging growth company2 and 7,b7 in subparagraph 7,a7-- 7i7 by striking such emerging growth company and inserting such company2 and 7ii7 by striking an emerging growth company and inserting such company4 7#b7 ,securities ,exchange ,act of #aicd ,section #ac7;a7 of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #ghm7a77 is amended by adding at the end the following3 ,the previous sentence shall apply1 to the same extent as such sentence applies to an emerging growth company1 to a recent emerging growth company44 7#c7 ,other disclosures ,a recent emerging growth company 7as defined under section #b of the ,securities ,act of #aicc7 may comply with section #bbi4cjc7;a7 of title #ag1 ,code of ,federal ,regulations1 or any successor thereto1 by providing information required by such section with respect to the financial statements of the company for each period presented pursuant to section #g7;a7 of the ,securities ,act of #aicc 7#ae ,u4,s4,c4 #gg;g7a774 ,such a company may comply with section #bbi4djb of title #ag1 ,code of ,federal ,regulations1 or any successor thereto1 by disclosing the same information as any issuer with a market value of outstanding voting and nonvoting common equity held by non-affiliates of less than #ge1jjj1jjj4 7c7 ,draft registration statements ,section #f7;e77#a7 of the ,securities ,act of #aicc 7#ae ,u4,s4,c4 #gg;f7e77#a77 is amended by striking emerging growth company each place such term appears and inserting emerging growth company or recent emerging growth company4 7d7 ,executive compensation disclosures 7#a7 ,certain shareholder disclosures ,section #ad;,a7e77#b7 of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #ghn-#a7;e77 is amended-- 7,a7 in subparagraph 7,a71 by striking ,an emerging growth company and inserting the following ,any emerging growth company or recent emerging growth company2 and 7,b7 in subparagraph 7,b7-- 7i7 in the heading1 by striking termination of emerging growth company treatment and inserting exemption2 7ii7 by striking an emerging growth company but is no longer an emerging growth company and inserting exempt under subparagraph 7,a7 but is no longer exempt2 and 7iii7 in clause 7ii71 by inserting before the period the following3 or a recent emerging growth company4 7#b7 ,pay ratio disclosures ,section #iec7;b77#a7 of the ,investor ,protection and ,securities ,reform ,act of #bjaj 7#ae ,u4,s4,c4 #ghl note7 is amended1 by striking 1 as that term is defined in and inserting or a recent emerging growth company1 as such terms are defined1 respectively1 under 4 7#c7 ,pay vs4 performance disclosures ,section #ad7;i7 of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #ghn7i77 is amended by inserting after emerging growth company the following3 or a recent emerging growth company4 7#d7 ,simplified executive compensation disclosures ,the ,securities and ,exchange ,commission shall amend section #bbi4djb7l7 of title #ag1 ,code of ,federal ,regulations1 to permit a recent emerging growth company 7as defined under section #b of the ,securities ,act of #aicc7 to make use of the same scaled disclosures for executive compensation that are available pursuant to such section for smaller reporting companies and emerging growth companies4