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H.R. 3301 · 119th Congress

ELEVATE Act of 2025

In committee

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Bill details

Introduced: 5/8/2025
Current status: In committee
Bill ID: 119hr3301
Latest official action: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill overview

A neutral overview based on official congressional sources.

Introduced in House

This bill provides statutory authority for certain requirements related to registration statements submitted to the Securities and Exchange Commission (SEC). First, the bill allows under statute an emerging growth company to submit profit and loss statements from the previous two years, rather than the previous three years as is required of other reporting companies. In addition, the bill allows under statute any issuer of securities to submit a draft registration statement to the SEC for confidential review prior to a public filing.

Source: BILLSUM · Summary date: 5/8/2025

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Last updated: 5/8/2025Source: BILLSUMBill: 119hr3301Learn more →