# 119-s-3216: Greenlighting Growth Act

119-s-3216, Greenlighting Growth Act, is a 119th Congress bill sponsored by Sen. Kennedy, John [R-LA] (R-LA); status introduced; PRIA reads it as touching household money (as of 2026-08-06).

- Canonical: https://policyrisk.com/legislation/119-s-3216
- As of: 2026-08-06
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-3216
- Congress: 119
- Title: Greenlighting Growth Act
- Status: introduced
- Introduced: 2025-11-19
- Sponsor: Sen. Kennedy, John [R-LA] (R-LA)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-08-06

## Summary

**Eases financial reporting for Emerging Growth Companies (EGCs).** This bill would let EGCs and entities that used to be EGCs avoid presenting acquired-company or pre‑audit-period financial statements in IPO or application filings when those periods come before the earliest audited period the company shows. - Emerging Growth Companies: An EGC would not need to include acquired company financial statements or the information required by 17 C.F.R. §210.3-05 and §210.8-04 for any period before the earliest audited period presented in its initial public offering. - Former EGCs: Companies that cease being EGCs would keep the same exemption for periods before their earliest audited EGC period when filing under the Securities Exchange Act or making related applications. - Regulatory alignment: The bill keeps the phrase "or any successor regulation" so the exemption applies even if the cited CFR provisions change.

## Cosponsors (1)

- Sen. McCormick, David [R-PA] (R-PA), 2026-08-04T00:00:00.000Z

## Provisions PRIA read

- Less IPO disclosure for emerging growth companies: benefit, medium. If enacted, this bill would let an emerging growth company (EGC) omit acquired-company financial statements or related information for any period before the EGC's earliest audited year shown in its initial public offering. It would also allow a former EGC to omit those older issuer or acquired-comp…

## Related bills

- 119-s-4952: Protecting American Taxpayers Act
- 119-s-4378: Protecting American Taxpayers Act
- 119-s-1748: Kids Online Safety Act
- 119-s-4065: STAND with Taiwan Act of 2026
- 119-s-292: Educational Choice for Children Act of 2025
- 119-s-3752: SAVE America Act

## Sources
- [119-s-3216 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3216)

## Related
- [119-s-4952: Protecting American Taxpayers Act](https://policyrisk.com/legislation/119-s-4952)
- [119-s-4378: Protecting American Taxpayers Act](https://policyrisk.com/legislation/119-s-4378)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-4065: STAND with Taiwan Act of 2026](https://policyrisk.com/legislation/119-s-4065)
- [119-s-292: Educational Choice for Children Act of 2025](https://policyrisk.com/legislation/119-s-292)
- [119-s-3752: SAVE America Act](https://policyrisk.com/legislation/119-s-3752)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3216 (as of 2026-08-06).