Greenlighting Growth Act
Latest action · Jul 22, 2025 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 13, 2025
- Passed HouseJul 21, 2025
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 1
Members who signed on, in the order they did. All signed on May 13, 2025.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-MO | Ann Wagner | Original | May 13, 2025 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred May 13, 2025Markup May 20, 2025Reported Jun 3, 2025 |
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Jul 22, 2025 |
Actions 12
Everything that happened, newest first.
- Jul 22, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 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.
- Jul 21, 2025DEBATE - The House proceeded with forty minutes of debate on H.R. 3343.
- 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, 2025Motion to reconsider laid on the table Agreed to without objection.
- Jun 3, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-119.
- Jun 3, 2025Placed on the Union Calendar, Calendar No. 89.
- May 20, 2025Committee Consideration and Mark-up Session Held
- May 20, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 2.
- May 13, 2025Introduced in House
- May 13, 2025Referred to the House Committee on Financial Services.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H3503, H3504Text printed H3503 | J. French Hill R-AR, Josh Gottheimer D-NJ, Mike Haridopolos R-FL | Jul 21, 2025 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 171, no. 80, May 13, 2025, page H2001.
CRS reports 2
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 2
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R48885 | The Incentivizing New Ventures and Economic Strength Through Capital Formation (INVEST) Act of 2025 (H.R. 3383) | Report | Mar 24, 2026 |
| IF12999 | Legislative Proposals Affecting Capital Markets Funding | Resource | Jun 25, 2025 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 3216 | Greenlighting Growth Act | Related bill | Nov 19, 2025 |
Titles 6
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Federal securities laws to specify the periods for which financial statements are required to be provided by an emerging growth company, and for other purposes.
- Short Title(s) as Introduced
- Greenlighting Growth Act
- Short Title(s) as Reported to House
- Greenlighting Growth Act
- Short Title(s) as Passed House
- Greenlighting Growth Act
- Short Titles from RFS (Referred to Senate) bill text
- Greenlighting Growth Act
- Official Title from EH (Engrossed in House) bill text
- To amend the Federal securities laws to specify the periods for which financial statements are required to be provided by an emerging growth company, and for other purposes.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 4
Each version as it was printed, newest first.
- Jul 22, 2025Referred in Senate
- Jul 21, 2025Engrossed in House
- Jun 3, 2025Reported in House
- May 13, 2025Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
