Greenlighting Growth Act

Senate Bill

S. 3216

119th Congress

Greenlighting Growth Act

In Committee

Introduced:Nov 19, 2025

Primary Sponsor

John Kennedy

R - LA

Cosponsors

0

Quick Stats

Policy Area

Finance and Financial Sector

Summary

The Greenlighting Growth Act reduces financial statement disclosure requirements for emerging growth companies going public. Companies would not need to provide acquired company financials for periods before their earliest audited period presented in their IPO, reducing compliance costs and accelerating the path to public markets.

Latest Action

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

AI Summary

Plain-English explanation of this bill

The Greenlighting Growth Act reduces financial statement disclosure requirements for emerging growth companies going public. Companies would not need to provide acquired company financials for periods before their earliest audited period presented in their IPO, reducing compliance costs and accelerating the path to public markets.

Last updated: 12/27/2025

Key Points

Main provisions of the bill

Exempts emerging growth companies from certain acquired company financial disclosures
Applies to periods before earliest audited statements in IPO filing
Reduces regulatory burden for companies going public
Amends both Securities Act of 1933 and Securities Exchange Act of 1934
Maintains current protections once company loses emerging growth status

How This Impacts Americans

Potential effects on citizens and communities

Startups and smaller companies seeking to go public would face reduced financial disclosure requirements. Investment banks and accountants would have simplified IPO preparation processes. Investors would have less historical financial information about acquired businesses in some cases.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

3216, 119th Congress (2025). "Greenlighting Growth Act". Source: Voter's Right Platform. https://votersright.org/bills/119-s-3216