ELEVATE Act of 2025

Sponsor

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.

Source: Congressional Research Service via Congress.gov · as of Jul 11, 2026

How it has moved

1. June 24, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2. June 23, 2025Motion to reconsider laid on the table Agreed to without objection.
3. June 23, 2025On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2871)
4. June 23, 2025Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2871)
5. June 23, 2025DEBATE - The House proceeded with forty minutes of debate on H.R. 3301.
6. June 23, 2025Considered under suspension of the rules. (consideration: CR H2871-2872)
7. June 23, 2025Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
8. June 3, 2025Placed on the Union Calendar, Calendar No. 91.
9. June 3, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-121.
10. June 3, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-121.
11. May 20, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 1.