H.R. 3323 — Reported in House

IB Union Calendar No. 102 119th CONGRESS 1st Session H. R. 3323 [Report No. 119–133] IN THE HOUSE OF REPRESENTATIVES May 13, 2025Mr. Steil (for himself and Mrs. Wagner) introduced the following bill; which was referred to the Committee on Financial Services June 4, 2025Additional sponsor: Mr. Liccardo June 4, 2025Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printedStrike out all after the enacting clause and insert the part printed in italicFor text of introduced bill, see copy of bill as introduced on May 13, 2025 A BILL To update the definition of an emerging growth company, and for other purposes. 1. Short title This Act may be cited as the Helping Startups Continue To Grow Act. 2. Emerging growth company criteria (a) Securities Act of 1933 Section 2(a)(19) of the Securities Act of 1933 (15 U.S.C. 77b(a)(19)) is amended— (1) by striking $1,000,000,000 each place such term appears and inserting $3,000,000,000; (2) in subparagraph (B)— (A) by striking fifth and inserting 10-year; and (B) by adding or at the end; (3) in subparagraph (C), by striking ; or and inserting a period; and (4) by striking subparagraph (D). (b) Securities Exchange Act of 1934 Section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)) is amended, in the first paragraph (80)— (1) by striking $1,000,000,000 each place such term appears and inserting $3,000,000,000; (2) in subparagraph (B)— (A) by striking fifth and inserting 10-year; and (B) by adding or at the end; (3) in subparagraph (C), by striking ; or and inserting a period; and (4) by striking subparagraph (D). (c) Technical correction (1) Section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)) is amended by redesignating the second paragraph (80) as paragraph (81). (2) Section 4A(a)(1)(B) of the Securities Act of 1933 (77d–1(a)(1)(B)) is amended by striking section 3(a)(80) and inserting section 3(a). June 4, 2025Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed