What This Bill Does · Plain English
Summary · Congress.gov
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.
Action Timeline
2025-07-22
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2025-07-21
DEBATE - The House proceeded with forty minutes of debate on H.R. 3343.
2025-07-21
Motion to reconsider laid on the table Agreed to without objection.
2025-07-21
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3503)
2025-07-21
Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
2025-07-21
Considered under suspension of the rules. (consideration: CR H3503-3504)
2025-07-21
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)
2025-06-03
Placed on the Union Calendar, Calendar No. 89.
2025-06-03
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-119.
2025-06-03
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-119.
Frequently Asked Questions
Did HR.3343 pass?
HR.3343 is still alive. Current stage: PASSED_ONE. Pass likelihood: pending.
What does HR.3343 do?
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 …
Who sponsored HR.3343?
HR.3343 was sponsored by Mike Haridopolos (R-Florida).
Full Bill Text
Full text not yet indexed for this bill. Check Congress.gov for the official text.
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