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Coronavirus EGC Extension Act

Introduced: July 16, 2020 Introduced by: Steil, Bryan Republican · Wisconsin See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 16, 2020
Referred to the House Committee on Financial Services.
Jul 16, 2020
Introduced in House
 Plain-English summary Congressional Research Service

Coronavirus EGC Extension Act

This bill extends the status of an issuer of securities as an emerging growth company. Specifically, these issuers will remain emerging growth companies until the later of

  • one year after the date of enactment of this bill,
  • the end of the COVID-19 (i.e., coronavirus disease 2019) emergency declaration period, and
  • the date the issuer would otherwise cease being an emerging growth company.

Emerging growth companies (in general, a newly public company with revenues below a specified threshold) are subject to reduced disclosure requirements, among other regulations.

What's happening now July 16, 2020

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1