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S. 4218

BillFederalSenateIn Committee
A bill to temporarily prevent emerging growth companies from losing their status during the COVID-19 pandemic, and for other purposes.
About This Bill
Committee
Latest Action · July 20, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Congress
116th (2019–2021)
Introduced
July 20, 2020
Cosponsors (0)
None
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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.

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