A Republican bill with 1 Republican cosponsor · See the cosponsor
Last activity — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The "Greenlighting Growth Act" seeks to amend the Federal securities laws. It focuses on changing the requirements for financial statement reporting for emerging growth companies. Specifically, the bill aims to specify the time periods for which financial statements must be provided. It targets amendments to both the Securities Act of 1933 and the Securities Exchange Act of 1934.
Yes
- Scored +5
Does this make it easier to run a small business?
The bill reduces the compliance and financial statement reporting burden for emerging growth companies.
- Scored +5
Would business owners be better off under this?
The bill provides relief to business owners of emerging growth companies by limiting mandatory financial disclosures.
- Scored +2
Is this likely to create jobs?
Reducing the reporting burden for emerging growth companies may lower the barriers for business expansion and hiring.
The opposite
- Scored -2
Does this make what the government does easier for the public to see?
The bill reduces the amount of historical financial statement information that companies must disclose to the public.
Who it would affect, and how
Potential Positive Impacts for People
- Reduced reporting burdens for emerging growth companies: Under Section 2, the bill allows these companies to avoid presenting financial statements or acquired company information for periods prior to their earliest audited period presented during an initial public offering or application. This change applies even after the company is no longer considered an emerging growth company.
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 reduces the compliance and financial statement reporting burden for emerging growth companies. Is this likely to create jobs? — Reducing the reporting burden for emerging growth companies may lower the barriers for business expansion and hiring.
- Demographic And Interest Groups
- Would business owners be better off under this? — The bill provides relief to business owners of emerging growth companies by limiting mandatory financial disclosures.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill reduces the amount of historical financial statement information that companies must disclose to the public.
- 8/4/2026
- 1 Cosponsor added.
- 11/19/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced in Senate
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.
David McCormickRepublican · Pennsylvania