HR 3323 would raise the emerging growth company revenue cap from $1 billion to $3 billion
Placed on the calendarH.R. 3323Latest action
Sponsor: Bryan Steil · Representative · WI
AIDecoded by AI · checked against the recordRead the official text
Official title: Helping Startups Continue To Grow Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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HR 3323 would let companies with up to $3 billion in revenue keep lighter stock-market rules for up to ten years after going public.
45-second read · 4 questions answered below
What does this do?
The bill raises the revenue limit for an "emerging growth company" from $1 billion to $3 billion and extends the time limit from five years to ten years after a company's first stock sale. It removes the rule that ends the label based on debt issued over a three-year period. It also updates numbering and cross-references in two securities laws.
Who does it affect?
It mainly affects companies that are going public or recently did, and larger and older companies that would newly qualify. Investors would also be affected, since they would get less detailed disclosure from qualifying companies.
Why does it matter?
More companies would qualify for lighter rules, such as less financial disclosure and fewer requirements for auditing internal financial controls, and would keep them longer. Investors in those companies would receive less detailed information.
AI-drafted summary. Check it against the official text before you act on it.
Based on the “Reported in House” text of Jun 4, 2025.
Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedMay 13, 2025
- House committee
- House voteYou are here · Jun 4, 2025
- Senate
- The president's desk
Right now: it was placed on the , and the official record shows no floor action on it since. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Placed on the Union Calendar, Calendar No. 102.