; (B) the last day of the fiscal year of the issuer during which the average annual gross revenues of the issuer exceed $50,000,000; or (C) the date on which the issuer becomes a large accelerated filer. (3) Definitions For purposes of this subsection: (A) Average annual gross revenues The term average annual gross revenues means the total gross revenues of an issuer over its most recently completed three fiscal years divided by three. (B) Emerging growth company The term emerging growth company has the meaning given such term under section 3 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c ). (C) Large accelerated filer The term large accelerated filer has the meaning given that term under section 240.12b–2 of title 17, Code of Federal Regulations, or any successor thereto. . J Small Business Capital Formation Enhancement 446. Annual review of government-business forum on capital formation Section 503 of the Small Business Investment Incentive Act of 1980 ( 15 U.S.C. 80c–1 ) is amended by adding at the end the following: (e) The Commission shall— (1) review the findings and recommendations of the forum; and (2) each time the forum submits a finding or recommendation to the Commission, promptly issue a public statement— (A) assessing the finding or recommendation of the forum; and (B) disclosing the action, if any, the Commission intends to take with respect to the finding or recommendation. . K Helping Angels Lead Our Startups 451. Definition of angel investor group As used in this subtitle, the term angel investor group means any group that— (1) is composed of accredited investors interested in investing personal capital in early-stage companies; (2) holds regular meetings and has defined processes and procedures for making investment decisions, either individually or among the membership of the group as a whole