119-hr3343

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3343 Referred in Senate

    (RFS) ]

<DOC>
119th CONGRESS
 1st Session
 H. R. 3343

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 July 22, 2025

Received; read twice and referred to the Committee on Banking, Housing, 
 and Urban Affairs

_______________________________________________________________________

 AN 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.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Greenlighting Growth Act''.

SEC. 2. FINANCIAL STATEMENT REPORTING REQUIREMENTS FOR EMERGING GROWTH 
 COMPANIES.

    (a) Securities Act of 1933.--

Section 7

    (a)

    (2) of the Securities Act 
of 1933 (15 U.S.C. 77g

    (a)

    (2) ) is amended--

    (1) in subparagraph
        (A) , by striking ``and'' at the end;

    (2) by redesignating subparagraph
        (B) as subparagraph
            (C) ; 
 and

    (3) by inserting after subparagraph
        (A) the following:
 ``
        (B) need not present acquired company financial 
 statements or information otherwise required under 
 

section 210.3-05 or 

section 210.8-04 of title 17, Code 
 of Federal Regulations, or any successor thereto, for 
 any period prior to the earliest audited period of the 
 emerging growth company presented in connection with 
 its initial public offering and, thereafter, in no 
 event shall an issuer that was an emerging growth 
 company but is no longer an emerging growth company be 
 required to present financial statements of the issuer 
 (or acquired company financial statements or 
 information otherwise required under 

section 210.3-05 
 or 

section 210.8-04 of title 17, Code of Federal 
 Regulations, or any successor thereto) for any period 
 prior to the earliest audited period of the emerging 
 growth company presented in connection with its initial 
 public offering; and''.

    (b) Securities Exchange Act of 1934.--

Section 12

    (b)

    (1)
        (K) of the 
Securities Exchange Act of 1934 (15 U.S.C. 78l

    (b)

    (1)
        (K) ) is amended by 
striking ``firm'' and inserting ``firm, provided that the application 
of an emerging growth company need not present acquired company 
financial statements or information otherwise required under 

section 210.3-05 or 

section 210.8-04 of title 17, Code of Federal Regulations, 
or any successor thereto, for any period prior to the earliest audited 
period of the emerging growth company presented in connection with its 
application and, thereafter, in no event shall an issuer that was an 
emerging growth company but is no longer an emerging growth company be 
required to present financial statements of the issuer (or acquired 
company financial statements or information otherwise required under 

section 210.3-05 or 

section 210.8-04 of title 17, Code of Federal 
Regulations, or any successor thereto) for any period prior to the 
earliest audited period of the emerging growth company presented in 
connection with any application under this subsection''.

 Passed the House of Representatives July 21, 2025.

 Attest:

 KEVIN F. MCCUMBER,

 Clerk.