H.R. 2064.pdf

H.R. 2064 is a bill introduced to the House of Representatives on April 28, 2015, aiming to amend certain provisions of the securities laws relating to the treatment of emerging growth companies. The bill, titled the "Improving Access to Capital for Emerging Growth Companies Act," proposes three main changes:

1. Reducing the filing requirement for public filing prior to a public offering from 21 days to 15 days.
2. Introducing a grace period for emerging growth companies that cease to be emerging growth companies, allowing them to continue being treated as such for the purposes of the initial public offering or for a 1-year period.
3. Simplifying disclosure requirements for emerging growth companies by allowing them to omit financial information for historical periods in their registration statements, provided that the omitted information is not required at the time of the contemplated offering and is amended prior to distributing a preliminary prospectus to investors.