HR 7661 · 116th Congress · Finance and Financial Sector
Coronavirus EGC Extension Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Financial Services.(2020-07-16)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only