Helping Startups Continue To Grow Act

The "Helping Startups Continue To Grow Act" aims to update and expand the criteria for an emerging growth company (EGC) under both the Securities Act of 1933 and the Securities Exchange Act of 1934. This legislation significantly increases the maximum annual gross revenue a company can have while maintaining EGC status, raising it from $1 billion to $3 billion . Additionally, the bill extends the period during which a company can be considered an EGC, changing the previous five-year limit to a ten-year anniversary from its initial public offering. These modifications are designed to allow more companies to benefit from the reduced regulatory requirements associated with EGC status for a longer duration, potentially fostering growth and innovation, and also include minor technical corrections to existing securities law references.