senateStanding
Banking, Housing, and Urban Affairs Committee
- Referred To
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H.R. 3343Passed House
Greenlighting Growth Act
Introduced: May 13, 2025
Latest action date: Jul 22, 2025
Latest development
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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- Congress
- 119th Congress
- Introduced
- May 13, 2025
- Recorded roll calls
- 0
Status detail: The full action history records passage in the House.
Plain-language overview
What this bill does
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.
Official summary from Congress.gov.
Civixly topics
What this legislation is about
Civixly topics make federal and state legislation comparable. They are derived from the official CRS policy area and legislative subjects.
Official CRS policy area
Finance and Financial Sector
View 7 official legislative subjects
Accounting and auditingAdministrative law and regulatory proceduresBusiness recordsGovernment information and archivesLicensing and registrationsSecuritiesSecurities and Exchange Commission (SEC)
Committee activity
Committees and subcommittees that received, reviewed, marked up, or reported this legislation.
Official committee record ↗
houseStanding
Financial Services Committee
- Referred To
- Markup By
- Reported By
Amendments
Proposed changes to this measure, with their latest official outcome or action from Congress.gov.
No amendments are listed for this measure.
Checked against Congress.gov Oct 11, 2026.
Action timeline
Newest action first. Action language comes from the official Congress.gov record.
View full action timeline15 actions
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
IntroReferralSenateMotion to reconsider laid on the table Agreed to without objection.
FloorHouse floor actionsPassed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3503)
FloorLibrary of CongressOn motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3503)
FloorHouse floor actionsDEBATE - The House proceeded with forty minutes of debate on H.R. 3343.
FloorHouse floor actionsConsidered under suspension of the rules. (consideration: CR H3503-3504)
FloorHouse floor actionsMr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
FloorHouse floor actionsReported (Amended) by the Committee on Financial Services. H. Rept. 119-119.
CommitteeHouse floor actionsReported (Amended) by the Committee on Financial Services. H. Rept. 119-119.
CommitteeLibrary of CongressPlaced on the Union Calendar, Calendar No. 89.
CalendarsHouse floor actionsCommittee Consideration and Mark-up Session Held
CommitteeHouse committee actionsOrdered to be Reported (Amended) by the Yeas and Nays: 49 - 2.
CommitteeHouse committee actionsReferred to the House Committee on Financial Services.
IntroReferralHouse floor actionsIntroduced in House
IntroReferralLibrary of CongressIntroduced in House
IntroReferralLibrary of Congress
Roll-call votes
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