H.R. 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.
- IntroducedApr 13, 2023 Done
- CommitteeReported Jun 5, 2023 Done
- House floorPassed by voice vote · Jun 5, 2023 Done
- Senate floorDied Jan 3, 2025 Stopped here
- Chambers agreeNot yet Not reached yet
- PresidentNot yet Not reached yet
What it does
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.
Congressional Research Service · summary of “Passed House” version · Jun 5, 2023
Who lobbies on it
3 organizations · 15 filings · Q2 2023–Q4 2024One square per quarter since introduction, oldest left. Filled = named it that quarter.
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Biotechnology Innovation Organization
7 of 7 quarters
“Banking Policy Impacting Emerging Companies Capital Formation Incentives ---H.R.368: American Innovation Act of 2023 ---H.R.448: Putting Investors First Act of 2023 ---H.R.835: Fair Investment Opportunities for Professional Experts Act ---H.R.1579: Accredited Investor Definition Review Act ---H.R.2608: To amend the…”
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Nasdaq Inc
7 of 7 quarters
“Monitoring legislation speaking to regulate AI, machine learning, and other tools used in the financial services arena; Transparency and accuracy of proxy advisors; Public company regulations; SEC climate disclosure rule. Legislative reforms to improve capital formation (Venture Exchange), H.R 1807, H.R. 2624…”
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National Association of Manufacturers
1 of 7 quarters
“Beneficial Ownership Capital Formation Climate Disclosures ESG Disclosures FAR Proposal re: Federal Contractor Climate Disclosures H.R. 2506, Restoring the Secondary Trading Market Act H.R. 2576 re: research reports H.R. 2603 re: SRC Definition H.R. 2608, H.R. 2610 re: EGC Disclosures H.R. 2624, Helping Startups…”
Organizations that named H.R. 2608 in a quarterly lobbying report. Covers organizations with a PAC on file; reports from organizations without one aren’t loaded yet. Spend is the organization’s total across all issues: reports don’t split spending by bill. Source: Senate lobbying disclosures (LD-2) from lda.gov; quotes are word for word from the “specific lobbying issues” field.
Actions
13 actions · newest first- Jun 6, 2023Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jun 5, 2023Motion to reconsider laid on the table Agreed to without objection.
- Jun 5, 2023On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2723)
- Jun 5, 2023Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2723)
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- Jun 5, 2023DEBATE - The House proceeded with forty minutes of debate on H.R. 2608.
- Jun 5, 2023Considered under suspension of the rules. (consideration: CR H2723-2725)
- Jun 5, 2023Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
- Jun 5, 2023Placed on the Union Calendar, Calendar No. 65.
- Jun 5, 2023Reported (Amended) by the Committee on Financial Services. H. Rept. 118-88.
- Apr 26, 2023Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 41 - 0.
- Apr 26, 2023Committee Consideration and Mark-up Session Held.
- Apr 13, 2023Referred to the House Committee on Financial Services.
- Apr 13, 2023Introduced in House