Bill116th CongressFiled Jul 16, 2020Finance and Financial Sector
H.R. 7661
Coronavirus EGC Extension Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Jul 16, 2020)
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 just happenedJul 16, 2020
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Steil, Bryan [R-WI-1](R-WI)Sponsor
2 cosponsors2 R
2cosponsors1committees3actions1related bills10subjects
- Introduced in HouseJul 16, 2020
- Jul 16, 2020IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jul 16, 2020IntroReferralIntro-H
Introduced in House
- Jul 16, 2020IntroReferral1000
Introduced in House