To require the Securities and Exchange Commission to revise certain thresholds related to smaller reporting companies, accelerated filers, and large accelerated filers, and for other purposes.

This bill increases SEC filing thresholds for publicly traded companies, primarily affecting smaller businesses and mid-sized corporations. It raises the public float threshold for smaller reporting companies from $250 million to $500 million and their annual revenue threshold from $100 million to $250 million, while switching to a three-year revenue average. For accelerated filers, the exit threshold rises from $60 million to $75 million, and large accelerated filers must now reach $750 million market value (up from $560 million) to exit that category. The bill also explicitly excludes smaller reporting companies from being classified as accelerated or large accelerated filers.