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![handle is hein.congrecreports/crptxacbk0001 and id is 1 raw text is: AUT-ENTICATED
U.S.GOVERNMENT
INFORMATION
115TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 115-1076
HELPING STARTUPS CONTINUE TO GROW ACT
DECEMBER 12, 2018.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. HENSARLING, from the Committee on Financial Services,
submitted the following
REPORT
together with
MINORITY VIEWS
[To accompany H.R. 6130]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 6130) to provide for a 5 year extension of certain exemp-
tions and reduced disclosure requirements for companies that were
emerging growth companies and would continue to be emerging
growth companies but for the 5-year restriction on emerging
growth companies, and for other purposes, having considered the
same, report favorably thereon without amendment and rec-
ommend that the bill do pass.
PURPOSE AND SUMMARY
On June 15, 2018, Representative Keith Rothfus introduced H.R.
6130, the Helping Startups Continue to Grow Act. H.R. 6130 ex-
pands the on-ramp for emerging growth companies (EGCs) created
by Title I of the Jumpstart Our Business Startups (JOBS) Act (P.L.
112-106). H.R. 6130 provides EGCs an additional five years of ex-
emptions from certain disclosure requirements. The expansion is
limited to EGCs that, after five years as an EGC, would continue
to qualify as such but for the five-year restriction on EGC status.
BACKGROUND AND NEED FOR LEGISLATION
Title I of the Jumpstart Our Small Businesses (JOBS) Act estab-
lished a new category of issuers known as Emerging Growth Com-
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