H.R. 3301 explained · 119th Congress · Pending in Congress
ELEVATE Act of 2025
Cosponsors: 1 (1 D, 0 R) · per Congress.gov, 2026-10-11
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.
What H.R. 3301 does, in plain terms
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.
Official summary by the Congressional Research Service, via Congress.gov.
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