H.R. 3343 — Greenlighting Growth Act

This section expands financial statement exemptions for emerging growth companies (EGCs) under the Securities Act of 1933 and the Securities Exchange Act of 1934 by— (1) exempting EGCs from presenting acquired company financial statements or information otherwise required under Regulation S-X §§3-05 and 8-04 (i.e., SEC rules on business acquisition and shell company financial reporting) for any period prior to the earliest audited period presented in connection with the EGC's initial public offering registration statement, and further exempting former EGCs from such requirements for those prior periods; and (2) providing parallel exemptions for EGCs and former EGCs in connection with exchange registration applications under the Securities Exchange Act of 1934. (As background, EGCs—public companies with annual gross revenues below approximately $1.235 billion (inflation-adjusted)—receive scaled disclosure requirements under the JOBS Act to reduce IPO burdens; this change limits acquisition-related historical financial reporting to align with the EGC's own IPO-era audit history.)