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To require the Securities and Exchange Commission to revise certain thresholds related to smaller reporting companies, accelerated filers, and large accelerated filers, and for other purposes.

USA118th CongressHR-2603| House 
| Updated: 4/13/2023
Blaine Luetkemeyer

Blaine Luetkemeyer

Republican Representative

Missouri

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill requires the Securities and Exchange Commission (SEC) to increase threshold amounts that qualify companies as smaller reporting companies, accelerated filers, and large accelerated filers for purposes of SEC reporting requirements. The bill (1) increases the revenue and public float amounts under which a company qualifies as a smaller reporting company, (2) changes threshold requirements for smaller reporting companies from annual revenues to three-year rolling average revenues, (3) increases the aggregate worldwide market value of equity for a company to qualify as a large accelerated filer, (4) increases the market values below which a company exits accelerated filer or large accelerated filer status, and (5) excludes smaller reporting companies from status as accelerated filers or large accelerated filers.
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Timeline
Apr 13, 2023
Introduced in House
Apr 13, 2023
Referred to the House Committee on Financial Services.
  • April 13, 2023
    Introduced in House


  • April 13, 2023
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Related Bills

  • HR 118-2799: Expanding Access to Capital Act of 2023

To require the Securities and Exchange Commission to revise certain thresholds related to smaller reporting companies, accelerated filers, and large accelerated filers, and for other purposes.

USA118th CongressHR-2603| House 
| Updated: 4/13/2023
This bill requires the Securities and Exchange Commission (SEC) to increase threshold amounts that qualify companies as smaller reporting companies, accelerated filers, and large accelerated filers for purposes of SEC reporting requirements. The bill (1) increases the revenue and public float amounts under which a company qualifies as a smaller reporting company, (2) changes threshold requirements for smaller reporting companies from annual revenues to three-year rolling average revenues, (3) increases the aggregate worldwide market value of equity for a company to qualify as a large accelerated filer, (4) increases the market values below which a company exits accelerated filer or large accelerated filer status, and (5) excludes smaller reporting companies from status as accelerated filers or large accelerated filers.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 13, 2023
Introduced in House
Apr 13, 2023
Referred to the House Committee on Financial Services.
  • April 13, 2023
    Introduced in House


  • April 13, 2023
    Referred to the House Committee on Financial Services.
Blaine Luetkemeyer

Blaine Luetkemeyer

Republican Representative

Missouri

Financial Services Committee

Finance and Financial Sector

Related Bills

  • HR 118-2799: Expanding Access to Capital Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted