A Republican bill with 1 Republican cosponsor · See the cosponsor
Last activity — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
In the other chamber's committee
Passed one chamber and has been handed to a committee in the other.
The committee decides whether it goes any further, and most bills that reach a committee never leave it. A committee that simply does nothing kills a bill without anyone ever voting against it, so no news from here is usually the news.
Its path through Congress
- Introduced
- Passed House voice vote
- In Senate committee
The House by voice vote (members called out yes or no together): no member's position on it was recorded.
What this bill would do
The Greenlighting Growth Act aims to amend federal securities laws regarding financial statement reporting. This legislation specifically targets emerging growth companies and how they handle financial information for acquired companies. It changes the requirements for the Securities Act of 1933 and the Securities Exchange Act of 1934. The bill establishes that certain companies do not need to present financial statements for periods prior to their earliest audited period. This applies to the initial public offering and continues even after the company is no longer considered an emerging growth company.
Yes· 3 of 4
- Scored +6
Would business owners be better off under this?
The reduction in financial reporting obligations directly benefits owners of emerging growth companies.
- Scored +5
Does this make it easier to run a small business?
The bill provides significant regulatory relief to emerging growth companies regarding financial statement disclosures.
- Scored +4
Is this likely to grow the economy?
Lowering regulatory hurdles for emerging growth companies can stimulate economic activity and market entry.
The opposite
- Scored -3
Does this make what the government does easier for the public to see?
By allowing companies to omit certain historical financial data, the bill reduces the historical transparency available to the public.
- Scored -2
Does this give people more protection from unfair business practices?
Reducing historical financial disclosure requirements may slightly decrease transparency for investors.
Who it would affect, and how
Potential Positive Impacts for People
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Reduced Reporting Burdens for Emerging Growth Companies: Under Section 2, the bill specifies that an emerging growth company need not present acquired company financial statements or information required under certain regulations for periods prior to the earliest audited period presented during its initial public offering. This provides relief regarding what information must be provided.
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Long-term Financial Reporting Relief: According to Section 2, once a company has transitioned from an emerging growth company, it is still not required to present financial statements or acquired company information for periods prior to that earliest audited period from its initial public offering.
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Does this make it easier to run a small business? — The bill provides significant regulatory relief to emerging growth companies regarding financial statement disclosures. Is this likely to grow the economy? — Lowering regulatory hurdles for emerging growth companies can stimulate economic activity and market entry. Is this likely to create jobs? — Reducing reporting burdens may facilitate easier access to capital, potentially aiding job creation in emerging sectors. Does this give people more protection from unfair business practices? — Reducing historical financial disclosure requirements may slightly decrease transparency for investors.
- Demographic And Interest Groups
- Would business owners be better off under this? — The reduction in financial reporting obligations directly benefits owners of emerging growth companies.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — By allowing companies to omit certain historical financial data, the bill reduces the historical transparency available to the public.
- 7/22/2025
- Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 7/21/2025
- Motion to reconsider laid on the table Agreed to without objection.
- 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)
- On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3503)
- DEBATE - The House proceeded with forty minutes of debate on H.R. 3343.
- Considered under suspension of the rules. (consideration: CR H3503-3504)
- Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
- 6/3/2025
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-119.
- Placed on the Union Calendar, Calendar No. 89.
- 5/20/2025
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 2.
- 5/13/2025
- Referred to the House Committee on Financial Services.
- 1 Cosponsor added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Ann WagnerRepublican · Missouri