Greenlighting Growth Act
- Last Action
- 7/22/2025
Actions
- 2025-07-22Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2025-07-21Motion to reconsider laid on the table Agreed to without objection.
- 2025-07-21On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3503)
- 2025-07-21Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3503)
- 2025-07-21DEBATE - The House proceeded with forty minutes of debate on H.R. 3343.
- 2025-07-21Considered under suspension of the rules. (consideration: CR H3503-3504)
- 2025-07-21Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- 2025-06-03Placed on the Union Calendar, Calendar No. 89.
- 2025-06-03Reported (Amended) by the Committee on Financial Services. H. Rept. 119-119.
- 2025-06-03Reported (Amended) by the Committee on Financial Services. H. Rept. 119-119.
- 2025-05-20Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 2.
- 2025-05-20Committee Consideration and Mark-up Session Held
- 2025-05-13Referred to the House Committee on Financial Services.
- 2025-05-13Introduced in House
- 2025-05-13Introduced in House
CRS Summary
As of 2025-05-13 (00)
Greenlighting Growth Act
This bill limits the financial information an emerging growth company (EGC) must submit to the Securities and Exchange Commission. An EGC is a type of issuer that qualifies for reduced disclosures after its initial public offering (IPO) if its annual gross revenues are below a specific dollar amount. For example, an EGC must currently provide two years of financial statements after its IPO, rather than the three required for other companies.
Under the bill, an emerging growth company is not required to present certain financial statements from acquired companies. This applies to statements from the time period prior to the earliest audited period presented in connection with the EGC’s IPO. In addition, the bill provides that no issuer that was formerly an EGC is required to present financial statements older than its earliest audit performed in connection with its IPO.
Cosponsors (1)
- Ann Wagner (R-MO)
Subjects
- Accounting and auditing
- Administrative law and regulatory procedures
- Business records
- Government information and archives
- Licensing and registrations
- Securities
- Securities and Exchange Commission (SEC)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.