The record

LegislationLegislation· Jun 2023
HR 2608

Sponsored by Patrick T. McHenry (R)

To amend the Federal securities laws to specify the periods for which financial statements are required to be provided by an emerging growth company, and for other purposes.

Would have excused emerging growth companies from submitting financial statements for periods before their first audited period at IPO.

Tradeoff

Would have dropped requirements for emerging growth companies to report older acquired-company financials. Would have reduced paperwork for newly public firms that acquired other businesses.

What's in it

See official bill text
H.R. 2608, a bill to amend the Federal securities laws to specify the periods for which financial statements are required to be provided by an emerging growth company, and for other purposeswww.cbo.gov/publication/59217 · May 2023

The House passed this by on June 5, 2023. The Senate never voted on it before the Congress ended, and the bill expired with the 118th Congress.

  1. House

    Introduced

    (Apr 13, 2023)

  2. House

    Committee on Financial Services(Apr 13, 2023)

  3. House

    The Committee on Financial Services voted to send it to the floor

    Reported 41 - 0(Apr 26, 2023)

    Committee report H. Rept. 118-88.

  4. House

    Passage of the bill

    Passed by (Jun 5, 2023)

    No individual votes were recorded.

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(Jun 6, 2023)