Greenlighting Growth Act

Sponsor: John Kennedy (Republican-LA)November 19, 2025

AI-generated ?

Report an error

Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

New companies would have fewer old financial reports to file when going public.

This bill would make it easier for new and growing companies to go public or list their shares. It would reduce the amount of old financial information they need to provide about companies they've acquired. This change aims to lessen the paperwork burden on these businesses.

What Would Change

Today, new and growing companies must provide financial statements for acquired companies that can go back further than their own earliest audited reports. If this bill becomes law, these companies would only need to provide acquired company financial statements from their earliest audited period onward, reducing their reporting burden for initial public offerings and other applications.

Key Provisions

Lets emerging growth companies skip presenting old financial statements for acquired companies when they go public.
Lets companies that used to be emerging growth companies skip presenting old financial statements for acquired companies when they go public.
Lets emerging growth companies skip presenting old financial statements for acquired companies when they apply to list their shares.
Lets companies that used to be emerging growth companies skip presenting old financial statements for acquired companies when they apply to list their shares.

View on Congress.gov

S 3216 · 119th Congress · November 19, 2025 · AI Summary by gemini-2.5-flash · 9/10

Greenlighting Growth Act

What Would Change

Key Provisions

Lobbying Activity