Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
This bill, the Greenlighting Growth Act , amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to reduce financial reporting requirements for emerging growth companies (EGCs). It specifies that EGCs, and companies that were formerly EGCs, are not required to present acquired company financial statements or related information for any period prior to the earliest audited period presented in connection with their initial public offering or application. This aims to streamline the compliance process by limiting the historical financial data these growing businesses must provide.
Accounting and auditingAdministrative law and regulatory proceduresBusiness recordsGovernment information and archivesLicensing and registrationsSecuritiesSecurities and Exchange Commission (SEC)
Greenlighting Growth Act
USA119th CongressHR-3343| House
| Updated: 7/22/2025
This bill, the Greenlighting Growth Act , amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to reduce financial reporting requirements for emerging growth companies (EGCs). It specifies that EGCs, and companies that were formerly EGCs, are not required to present acquired company financial statements or related information for any period prior to the earliest audited period presented in connection with their initial public offering or application. This aims to streamline the compliance process by limiting the historical financial data these growing businesses must provide.
Accounting and auditingAdministrative law and regulatory proceduresBusiness recordsGovernment information and archivesLicensing and registrationsSecuritiesSecurities and Exchange Commission (SEC)