HR 3323
Advanced toward a vote
Raises the revenue limit for emerging growth company status from $1 billion to $3 billion and extends that status from five years to ten years, under the Securities Act of 1933 and the Securities Exchange Act of 1934.
Official title: Helping Startups Continue To Grow Act
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
13-MAY-2025
Referred
13-MAY-2025
Approved by committee
20-MAY-2025
Reported
04-JUN-2025
On the calendar
04-JUN-2025
- Raises the annual gross revenue threshold in both the Securities Act of 1933 and the Securities Exchange Act of 1934 from $1,000,000,000 to $3,000,000,000
- Extends the emerging growth company period from the fifth anniversary to the 10-year anniversary after the first sale of common equity
- Removes one existing disqualifying criterion, subparagraph (D), from each definition
- Makes a technical correction that renumbers the second paragraph (80) of Section 3(a) of the Securities Exchange Act as paragraph (81) and updates a cross-reference in Section 4A(a)(1)(B) of the Securities Act
Covers an older version. The newest CRS summary describes the bill as of "Introduced in House" (13-MAY-2025); the text has changed since (Reported in House, 04-JUN-2025).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.gov- Financial Services Committee (House)
Finance and Financial Sector
■ 1 R■ 1 D
1 Democrat
1 Republican