Haridopolos, Mike [R-FL-8]
Republican · FL · 2 bills sponsored
Greenlighting Growth Act
# Greenl././ Growth Act Summary **What It Does:** The Greenlighting Growth Act would reduce financial reporting requirements for emerging growth companies (EGCs)—smaller companies that recently went public. Specifically, it would allow these companies to skip providing certain financial statements from companies they acquire, particularly statements from before their initial public offering. The bill also prevents the SEC from requiring these companies to present very old financial statements from their acquisitions. **Who It Affects:** This bill primarily affects newly public small and mid-size companies, their investors, and the SEC. EGCs already qualify for reduced disclosure requirements compared to larger established companies, and this bill would ease those rules further. Investors in these companies could potentially see less financial information available to review before making investment decisions. **Current Status:** The bill has passed the House of Representatives and is now awaiting action in the Senate. Supporters argue it reduces regulatory burden on growing companies, while critics may worry it limits transparency for investors evaluating these firms.
LEDGER Act
# LEDGER Act Summary **What the Bill Would Do:** The LEDGER Act (Locating Every Disbursement in Government Expenditure Records Act) would require the U.S. Treasury Department to create a comprehensive tracking system for all federal spending. This system would monitor where money goes when it leaves the Treasury—identifying which department, agency, or office spent it and keeping records of when those funds are available to be spent. **Who It Affects:** The bill would affect all federal agencies across the executive, legislative, and judicial branches that receive and spend federal funds. Ultimately, it could help Congress and the public better understand how taxpayer money is being used throughout the government. **Current Status:** The bill is currently in committee in the House of Representatives and has not yet been voted on. As a transparency and government tracking measure, it has not faced significant opposition, though it remains early in the legislative process.