Greenlighting Growth Act

This bill changes federal securities laws for emerging growth companies, which are newer, smaller companies that sell stock to the public. When such a company makes its first public stock offering, it would not have to provide financial statements for businesses it acquired covering any period before the earliest audited period of its own financial statements in that offering. The same rule would apply when such a company applies to register its stock on a national exchange. After a company stops being an emerging growth company, it still would not have to provide its own or acquired companies' financial statements for periods before that earliest audited period.

Full text and official record on Congress.gov

Sponsors

• John Kennedy Republican sponsor
• 1 cosponsors