Simple Functions
LEGISLATION/H.R. 3343

Greenlighting Growth Act

119-HR-3343119th CongressIntroduced May 13, 2025Finance and Financial Sector
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsor

Rep. Haridopolos, Mike [R-FL-8](R-FL-8)
1 cosponsor

Summary

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. 

Subjects

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

Actions (15)

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