arrow_back Back to App

Simplified financial reporting for small companies entering the stock market

This Act aims to facilitate the entry of small and growing companies (Emerging Growth Companies) into the stock market by reducing financial reporting requirements. These companies will not be required to present historical financial statements of acquired companies for periods prior to their earliest audited reporting related to their debut. While the change primarily concerns corporate regulations, it may indirectly support economic growth and job creation by making it easier for companies to raise capital.
Key points
Emerging Growth Companies (EGCs) will have fewer reporting obligations regarding the historical financial data of acquired companies.
The change is intended to accelerate and simplify the Initial Public Offering (IPO) process for growing businesses, reducing administrative costs.
article Official text account_balance Process page
Passed House
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3343
Sponsor: Rep. Haridopolos, Mike [R-FL-8]
Process start date: 2025-05-13
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Greenlighting Growth Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3343.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-05-13.

What are the main provisions?

Key points include:

  • Emerging Growth Companies (EGCs) will have fewer reporting obligations regarding the historical financial data of acquired companies.
  • The change is intended to accelerate and simplify the Initial Public Offering (IPO) process for growing businesses, reducing administrative costs.
What is the specific legal status?

The current status is Passed House.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Haridopolos, Mike [R-FL-8].

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3503)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy