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H.R. 3343 House Finance and Financial Sector

Greenlighting Growth Act

Introduced
May 13, 2025
Sponsor
Rep. Haridopolos, Mike (R-FL-8)
View on Congress.gov

STAGE 4 OF 8 — HOUSE FLOOR

Currently in the House. Last action: received in the senate and read twice and referred to the committee on banking, housing, and urban affairs on Jul 22, 2025.

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

Cosponsors

1

Subjects

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

Committees

  • Banking, Housing, and Urban Affairs Committee
    • Referred To , Jul 22, 2025
  • Financial Services Committee
    • Reported By , Jun 3, 2025
    • Markup By , May 20, 2025
    • Referred To , May 13, 2025

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. 

Summary as of: Introduced in House

Bill Text

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Related Bills

  • Greenlighting Growth Act (Related bill)

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