HR 2608 · 118th Congress · Finance and Financial Sector

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.

Introduced 2023-04-13· Sponsored by Rep. McHenry, Patrick T. [R-NC-10]· House

Bill Progress

Introduced
Committee
House Vote
4
Senate
5
Enacted
Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2023-06-06)

Plain Language Summary

[AI summary unavailable — showing source text] This bill limits the financial information an emerging growth company must submit to the Securities and Exchange Commission. Specifically, an emerging growth company is not required to present a financial statement for any period prior to the earliest audited period of the emerging growth company in connection with its initial public offering, such as a statement for an acquired company.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

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 purposes

May 26, 2023

As ordered reported by the House Committee on Financial Services on April 26, 2023

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office