Greenlighting Growth Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (May 13, 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.
What just happenedJul 22, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
- Referred in SenateJul 22, 2025
- Engrossed in HouseJul 21, 2025
- Reported in HouseJun 3, 2025
- Introduced in HouseMay 13, 2025
- Jul 22, 2025IntroReferral
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Jul 21, 2025FloorH38310
Motion to reconsider laid on the table Agreed to without objection.
- Jul 21, 2025FloorH37300
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3503)
- Jul 21, 2025Floor8000
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, 2025FloorH8D000
DEBATE - The House proceeded with forty minutes of debate on H.R. 3343.
- Jul 21, 2025FloorH30000
Considered under suspension of the rules. (consideration: CR H3503-3504)
- Jul 21, 2025FloorH30300
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- Jun 3, 2025CalendarsH12410
Placed on the Union Calendar, Calendar No. 89.
- Jun 3, 2025CommitteeH12200
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-119.
Financial Services Committee - Jun 3, 2025Committee5000
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-119.
Financial Services Committee - May 20, 2025Committee
Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 2.
Financial Services Committee - May 20, 2025Committee
Committee Consideration and Mark-up Session Held
Financial Services Committee - May 13, 2025IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - May 13, 2025IntroReferralIntro-H
Introduced in House
- May 13, 2025IntroReferral1000
Introduced in House