Updates the definition of an emerging growth company to expand eligibility.
Amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to update the definition of an emerging growth company. Raises the revenue threshold from $1 billion to $3 billion and changes the period for calculating revenue from the most recent fiscal year to a 10-year period. This change aims to help more startups qualify as emerging growth companies, potentially easing their regulatory burdens.
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