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HR 3323

Helping Startups Continue To Grow Act

119th Congress Introduced by Bryan Steil and 1 co-sponsor

The Helping Startups Continue To Grow Act boosts startup growth by raising revenue limits and extending EGC status, easing regulations for public offerings and investments.

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-133.
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Bill Summary · HR 3323

Summary of HR 3323: Helping Startups Continue To Grow Act

Bill Number: HR 3323
Introduced: May 13, 2025
Status: Reported (Amended) by the Committee on Financial Services (H. Rept. 119-133)
Primary Sponsor: Representative Bryan Steil (WI-01)
Cosponsor: Ann Wagner

Purpose and Intent

The Helping Startups Continue To Grow Act aims to enhance the regulatory framework for emerging growth companies (EGCs) by updating the criteria that define these companies. The bill seeks to facilitate the growth and public offering of startups by extending certain exemptions and reducing disclosure requirements, thereby promoting economic growth and innovation.

Key Provisions

  1. Increased Threshold for EGC Status:

    • The maximum threshold to qualify as an EGC is raised from $1 billion to $3 billion in annual gross revenues.

  2. Extended Duration of EGC Status:

    • The time limit for a company to maintain its EGC status is extended from five years to ten years.

  3. Removal of Disqualification for Large Accelerated Filers:

    • The bill eliminates the disqualification of large accelerated filers from being classified as EGCs, allowing more companies to benefit from the reduced regulatory burden.

  4. Amendments to Securities Acts:

    • The bill amends specific sections of the Securities Act of 1933 and the Securities Exchange Act of 1934 to reflect these changes in the definition and criteria for EGCs.

Impact

  • Who Would Be Affected:

    • Startups and emerging growth companies that meet the new criteria will benefit from reduced regulatory burdens, potentially leading to increased public offerings and investment opportunities.
    • Investors may also see a broader range of investment options as more companies qualify as EGCs.

  • Economic Implications:

    • By facilitating easier access to public markets for startups, the bill aims to stimulate job creation and economic growth, particularly in the technology and innovation sectors.

Procedural Timeline

  • May 13, 2025: Bill introduced and referred to the House Committee on Financial Services.
  • May 20, 2025: Committee consideration and mark-up session held; ordered to be reported (Amended) by a vote of 31-20.
  • June 4, 2025: Reported (Amended) by the Committee on Financial Services and placed on the Union Calendar.

Conclusion

The Helping Startups Continue To Grow Act represents a significant legislative effort to support the growth of emerging companies in the U.S. by updating the criteria for EGCs. By increasing the revenue threshold and extending the duration of EGC status, the bill aims to create a more favorable environment for startups to thrive and contribute to the economy.

Compiled from official sources — confirm details with the bill’s official record.

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