HR 3301

ELEVATE Act of 2025

Summary

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.

Bill status

Status
Passed House
Sponsor
Rep. Zachary Nunn [R-IA-3]
Cosponsors
1
Policy area
Finance and Financial Sector
Introduced
2025-05-08
Latest action
2025-06-24: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Committee referrals

Recent actions

  • 2025-06-24: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • 2025-06-23: Motion to reconsider laid on the table Agreed to without objection.
  • 2025-06-23: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2871)
  • 2025-06-23: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2871)
  • 2025-06-23: DEBATE - The House proceeded with forty minutes of debate on H.R. 3301.