ELEVATE Act of 2025

Hozzl · 2025-06-26T06:53:19Z

Explore the details of House Bill 3301 ELEVATE Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

6/26/2025, 6:53 AM

Summary of Bill HR 3301

H.R. 3301 in the 119th Congress, introduced on May 8, 2025, aims to amend the Securities Exchange Act of 1934. The bill intends to outline specific registration statement requirements for emerging growth companies. It proposes allowing issuers to submit draft registration statements to the Securities and Exchange Commission for confidential review.

Congressional Summary of HR 3301

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.

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Current Status of Bill HR 3301

Bill HR 3301 is currently in the status of Introduced to Senate since June 24, 2025. Bill HR 3301 was introduced during Congress 119 and was introduced to the House on May 8, 2025. Bill HR 3301's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of June 24, 2025

Bipartisan Support of Bill HR 3301

Total Number of Sponsors

Democrat Sponsors

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Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 3301

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 3301

To amend the Securities Exchange Act of 1934 to specify certain registration statement contents for emerging growth companies, to permit issuers to file draft registration statements with the Securities and Exchange Commission for confidential review, and for other purposes.