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Coronavirus EGC Extension Act

Introduced: July 20, 2020 Introduced by: Tillis, Thomas Republican · North Carolina 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 20, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 20, 2020
Introduced in Senate
 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 20, 2020

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Committees of jurisdiction 1