Greenlighting Growth Act

This bill changes the financial paperwork rules for emerging growth companies, which are smaller companies that get to follow easier rules when they first sell stock to the public. Right now, these companies have to provide fewer financial documents than bigger companies, like showing two years of financial statements instead of three. The bill would let emerging growth companies skip showing certain financial statements from companies they bought, specifically statements from before their own stock sale. It also says that companies that used to be emerging growth companies don't have to show financial statements older than their first official audit when they sold stock.

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