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Greenlighting Growth Act

USA119th CongressS-3216| Senate 
| Updated: 11/19/2025
John Kennedy

John Kennedy

Republican Senator

Louisiana

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill, known as the Greenlighting Growth Act , aims to amend the Federal securities laws by modifying the financial statement reporting requirements for emerging growth companies . Specifically, it exempts these companies from presenting acquired company financial statements or related information for any period prior to the earliest audited period presented in connection with their initial public offering. The legislation applies to both the Securities Act of 1933 and the Securities Exchange Act of 1934, streamlining compliance for companies seeking to go public or list securities. A significant provision ensures that this reduced reporting obligation persists even after an issuer ceases to be an emerging growth company, providing long-term relief from certain historical financial disclosures.
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Timeline
Jul 22, 2025

Latest Companion Bill Action

HR 119-3343
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 19, 2025
Introduced in Senate
Nov 19, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • July 22, 2025

    Latest Companion Bill Action

    HR 119-3343
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • November 19, 2025
    Introduced in Senate


  • November 19, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Related Bills

  • HR 119-3343: Greenlighting Growth Act

Greenlighting Growth Act

USA119th CongressS-3216| Senate 
| Updated: 11/19/2025
This bill, known as the Greenlighting Growth Act , aims to amend the Federal securities laws by modifying the financial statement reporting requirements for emerging growth companies . Specifically, it exempts these companies from presenting acquired company financial statements or related information for any period prior to the earliest audited period presented in connection with their initial public offering. The legislation applies to both the Securities Act of 1933 and the Securities Exchange Act of 1934, streamlining compliance for companies seeking to go public or list securities. A significant provision ensures that this reduced reporting obligation persists even after an issuer ceases to be an emerging growth company, providing long-term relief from certain historical financial disclosures.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 22, 2025

Latest Companion Bill Action

HR 119-3343
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 19, 2025
Introduced in Senate
Nov 19, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • July 22, 2025

    Latest Companion Bill Action

    HR 119-3343
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • November 19, 2025
    Introduced in Senate


  • November 19, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
John Kennedy

John Kennedy

Republican Senator

Louisiana

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 119-3343: Greenlighting Growth Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted