S.4218 - Coronavirus EGC Extension Act116th Congress (2019-2020)
|Sponsor:||Sen. Tillis, Thom [R-NC] (Introduced 07/20/2020)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 07/20/2020 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
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Summary: S.4218 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in Senate (07/20/2020)
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.