H.R. 3343 Passed the House Finance and Financial Sector

Greenlighting Growth Act

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.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Haridopolos, Mike [R-FL-8] Introduced May 13, 2025 Cosponsors 1 (1 R) Latest action July 22, 2025

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. 

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Jul 22, 2025 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Jul 21, 2025 Motion to reconsider laid on the table Agreed to without objection.
  3. Jul 21, 2025 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3503)
  4. Jul 21, 2025 DEBATE - The House proceeded with forty minutes of debate on H.R. 3343.
  5. Jul 21, 2025 Considered under suspension of the rules. (consideration: CR H3503-3504)
  6. Jul 21, 2025 Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.
  7. Jun 3, 2025 Placed on the Union Calendar, Calendar No. 89.
  8. Jun 3, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-119.
  9. May 20, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 2.
  10. May 20, 2025 Committee Consideration and Mark-up Session Held
  11. May 13, 2025 Referred to the House Committee on Financial Services.
  12. May 13, 2025 Introduced in House

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