ELEVATE Act of 2025
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Topic: Finance and Financial Sector
Sponsor: Rep. Nunn, Zachary [R-IA-3] (R) - IA
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.
Legislative Subjects
Administrative law and regulatory procedures; Business records; Finance and Financial Sector; Government information and archives; Licensing and registrations; Securities; Securities and Exchange Commission (SEC)
Latest Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2025-06-24
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