HR 3301 · 119th CongressPassed Housecongress.gov ↗

ELEVATE Act of 2025

What this bill does

AI plain-language summary

This bill gives legal backing to certain rules about paperwork that companies must file with the Securities and Exchange Commission when they want to sell stock to the public. It allows newer, growing companies to only submit two years of profit and loss information instead of three years like other companies must do. The bill also allows any company to send a draft version of their paperwork to the SEC for private review before making it public.

Introduced

May 8, 2025

Policy Area

Finance and Financial Sector

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