Greenlighting Growth Act

Sponsor

Summary

Greenlighting Growth ActThis 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. 

Source: Congressional Research Service via Congress.gov · as of Jul 11, 2026

How it has moved

1. July 22, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2. July 21, 2025Motion to reconsider laid on the table Agreed to without objection.
3. July 21, 2025On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3503)
4. July 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)
5. July 21, 2025DEBATE - The House proceeded with forty minutes of debate on H.R. 3343.
6. July 21, 2025Considered under suspension of the rules. (consideration: CR H3503-3504)
7. July 21, 2025Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
8. June 3, 2025Placed on the Union Calendar, Calendar No. 89.
9. June 3, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-119.
10. June 3, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-119.
11. May 20, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 2.