IB 
Union Calendar No. 89 
119TH CONGRESS 
1ST SESSION H. R. 3343 
[Report No. 119–119] 
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. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 13, 2025 
Mr. HARIDOPOLOS (for himself and Mrs. WAGNER) introduced the following 
bill; which was referred to the Committee on Financial Services 
JUNE 3, 2025 
Reported with an amendment, committed to the Committee of the Whole 
House on the State of the Union, and ordered to be printed 
[Strike out all after the enacting clause and insert the part printed in italic] 
[For text of introduced bill, see copy of bill as introduced on May 13, 2025] 
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A BILL 
To amend the Federal securities laws to specify the periods 
for which financial statements are required to be pro-
vided by an emerging growth company, and for other 
purposes. 
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Be it enacted by the Senate and House of Representa-
tives 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 REQUIRE-
MENTS 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 sub-
paragraph (C); and 
(3) by inserting after subparagraph (A) the fol-
lowing: 
‘‘(B) need not present acquired company fi-
nancial statements or information otherwise re-
quired 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 
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required to present financial statements of the 
issuer (or acquired company financial state-
ments 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 au-
dited period of the emerging growth company 
presented in connection with its initial public of-
fering; 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 in-
serting ‘‘firm, provided that the application of an emerging 
growth company need not present acquired company finan-
cial statements or information otherwise required under sec-
tion 210.3–05 or section 210.8–04 of title 17, Code of Fed-
eral 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 com-
pany be required to present financial statements of the 
issuer (or acquired company financial statements or infor-
mation otherwise required under section 210.3–05 or section 
210.8–04 of title 17, Code of Federal Regulations, or any 
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Union Calendar No. 89 
119TH CONGRESS 
1ST SESSION 
H. R. 3343 
[Report No. 119–119] 
A BILL 
To amend the Federal securities laws to specify the 
periods for which financial statements are re-
quired to be provided by an emerging growth 
company, and for other purposes. 
JUNE 3, 2025 
Reported with an amendment, committed to the Com-
mittee of the Whole House on the State of the Union, 
and ordered to be printed 
VerDate Sep 11 2014 
00:45 Jun 04, 2025
Jkt 059200
PO 00000
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