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HR 3301 · in committee · significant

ELEVATE Act of 2025

What this bill does

  • The bill allows emerging growth companies to submit two years of profit and loss statements instead of three when registering with the SEC.
  • Securities issuers and emerging growth companies preparing to go public are affected by these changes.
  • The bill takes effect immediately upon passage and reduces regulatory filing requirements for certain companies.

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Community Threads

Started by Cosponsor

  1. 01

    How might reducing financial documentation requirements from three years to two affect investors' ability to evaluate an emerging company's track record before buying shares?

  2. 02

    Which types of companies would benefit most from submitting shorter financial histories, and could this create competitive advantages for some startups over others?

  3. 03

    What evidence supports the claim that reducing SEC filing requirements will help emerging growth companies go public without compromising investor protection?

Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.

Sponsor · R-IA-3

Zachary Nunn

Citizen cosponsors

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In Congress

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House Reps cosponsoring

Introduced 2025-06-24

Joining the bill

Legislative timeline

  1. 2025-06-24 · senate · IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  2. 2025-06-23 · house · Floor

    Motion to reconsider laid on the table Agreed to without objection.

  3. 2025-06-23 · house · Floor

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2871)

  4. 2025-06-23 · Floor

    Passed/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. 2025-06-23 · house · Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 3301.

  6. 2025-06-23 · house · Floor

    Considered under suspension of the rules. (consideration: CR H2871-2872)

  7. 2025-06-23 · house · Floor

    Mrs. Wagner moved to suspend the rules and pass the bill, as amended.

  8. 2025-06-03 · house · Calendars

    Placed on the Union Calendar, Calendar No. 91.

  9. 2025-06-03 · house · Committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-121.

  10. 2025-06-03 · Committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-121.

  11. 2025-05-20 · house · Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 1.

  12. 2025-05-20 · house · Committee

    Committee Consideration and Mark-up Session Held

  13. 2025-05-08 · house · IntroReferral

    Referred to the House Committee on Financial Services.

  14. 2025-05-08 · IntroReferral

    Introduced in House

  15. 2025-05-08 · IntroReferral

    Introduced in House

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