119th Congress
H.R. 3343
Greenlighting Growth Act
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- Mike Haridopolos(R-FL)
- Introduced
- May 13, 2025
- Policy area
- Finance and Financial Sector
- Committees
- House Committee on Financial Services; Senate Committee on Banking, Housing, and Urban Affairs
- Official text
- Referred in Senate · Congress.gov page
Cosponsors (1)
Original cosponsors (1)
- Ann Wagner (R-MO)
Summary
Summary by the Congressional Research Service· describes the “Introduced in House” version
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.
Roll-call votes
No recorded votes on this bill.
Actions
- Jul 22, 2025 · Senate
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. - Jul 21, 2025 · House
Motion to reconsider laid on the table Agreed to without objection. - Jul 21, 2025 · House
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3503) - Jul 21, 2025 · House
DEBATE - The House proceeded with forty minutes of debate on H.R. 3343. - Jul 21, 2025 · House
Considered under suspension of the rules. (consideration: CR H3503-3504) - Jul 21, 2025 · House
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended. - Jun 3, 2025 · House
Placed on the Union Calendar, Calendar No. 89. - Jun 3, 2025 · House
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-119. - May 20, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 2. - May 20, 2025
Committee Consideration and Mark-up Session Held - May 13, 2025 · House
Referred to the House Committee on Financial Services. - May 13, 2025
Introduced in House