Greenlighting Growth Act

Sponsored byRep. Haridopolos, Mike [R-FL-8]FL· Introduced 13 May 2025

Open on Congress.gov

Cosponsors

Actions

Amendments

Committees

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Since introduced

Introduced

Committee

Passed Chamber

Passed Both

Enacted

Step 1 of 0

Latest action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

22 July 2025·1 year ago

Summary

Introduced in House · Updated 18 July 2025

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.

Timeline

15 actions

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
22 July 2025 · IntroReferral
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
21 July 2025 · Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 3343.
21 July 2025 · Floor
Considered under suspension of the rules. (consideration: CR H3503-3504)
21 July 2025 · Floor
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3503)
21 July 2025 · Floor
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3503)
21 July 2025 · Floor
Motion to reconsider laid on the table Agreed to without objection.
21 July 2025 · Floor
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-119.
3 June 2025 · Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-119.
3 June 2025 · Committee
Placed on the Union Calendar, Calendar No. 89.
3 June 2025 · Calendars
Committee Consideration and Mark-up Session Held
20 May 2025 · Committee
Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 2.
20 May 2025 · Committee
Referred to the House Committee on Financial Services.
13 May 2025 · IntroReferral
Introduced in House
13 May 2025 · IntroReferral
Introduced in House
13 May 2025 · IntroReferral

Sponsorship

1 cosponsors

Sponsor

Rep. Haridopolos, Mike [R-FL-8]FL

Cosponsors

Republican1100%

Republican:Rep. Wagner, Ann [R-MO-2]MO

Classification

Policy area

Finance and Financial Sector

Legislative subjects

Accounting and auditingAdministrative law and regulatory proceduresBusiness recordsGovernment information and archivesLicensing and registrationsSecuritiesSecurities and Exchange Commission (SEC)

Committees

Financial Services Committee
House · Standing
- Referred To13 May 2025
- Markup By20 May 2025
- Reported By3 Jun 2025
Banking, Housing, and Urban Affairs Committee
Senate · Standing
- Referred To22 Jul 2025

Reports

H. Rept. 119-119

Track Greenlighting Growth Act as it moves through Congress