Greenlighting Growth Act
Introduced May 13, 2025 by Rep. Mike Haridopolos
The House passed it. The Senate has to pass it before it can reach the President.
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.
Summary by the Congressional Research Service.
No recorded roll-call vote on this bill — it may have passed by voice vote or unanimous consent, which don't record individual votes.
- Jul 22, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jul 21, 2025Motion to reconsider laid on the table Agreed to without objection.
- Jul 21, 2025On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3503)
- Jul 21, 2025Passed/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, 2025DEBATE - The House proceeded with forty minutes of debate on H.R. 3343.
- Jul 21, 2025Considered under suspension of the rules. (consideration: CR H3503-3504)
- Jul 21, 2025Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- Jun 3, 2025Placed on the Union Calendar, Calendar No. 89.
- Jun 3, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-119.
- May 20, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 2.
- May 20, 2025Committee Consideration and Mark-up Session Held
- May 13, 2025Referred to the House Committee on Financial Services.
- May 13, 2025Introduced in House