HR 3343 119th Congress

Greenlighting Growth Act

Latest Action

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

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.

Actions

2025-07-22T00:00:00

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

2025-07-21T00:00:00

Motion to reconsider laid on the table Agreed to without objection.

2025-07-21T00:00:00

On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3503)

2025-07-21T00:00:00

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)

2025-07-21T00:00:00

DEBATE - The House proceeded with forty minutes of debate on H.R. 3343.

2025-07-21T00:00:00

Considered under suspension of the rules. (consideration: CR H3503-3504)

2025-07-21T00:00:00

Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.

2025-06-03T00:00:00

Placed on the Union Calendar, Calendar No. 89.

2025-06-03T00:00:00

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-119.

2025-06-03T00:00:00

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-119.

2025-05-20T00:00:00

Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 2.

2025-05-20T00:00:00

Committee Consideration and Mark-up Session Held

2025-05-13T00:00:00

Referred to the House Committee on Financial Services.

2025-05-13T00:00:00

Introduced in House

2025-05-13T00:00:00

Introduced in House

Policy Areas

Finance and Financial Sector

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Greenlighting Growth Act

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Summary

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