Introduced:
May 8, 2025
Policy Area:
Finance and Financial Sector
Congress.gov:
Bill Statistics
15
Actions
1
Cosponsors
1
Summaries
7
Subjects
4
Text Versions
Yes
Full Text
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Latest Action
Jun 24, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summaries (1)
Introduced in House
- May 8, 2025
00
<p>This bill provides statutory authority for certain requirements related to registration statements submitted to the Securities and Exchange Commission (SEC).</p><p>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.</p>
Actions (15)
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Type: IntroReferral
| Source: Senate
Jun 24, 2025
Motion to reconsider laid on the table Agreed to without objection.
Type: Floor
| Source: House floor actions
| Code: H38310
Jun 23, 2025
5:06 PM
5:06 PM
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2871)
Type: Floor
| Source: House floor actions
| Code: H37300
Jun 23, 2025
5:06 PM
5:06 PM
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)
Type: Floor
| Source: Library of Congress
| Code: 8000
Jun 23, 2025
5:06 PM
5:06 PM
DEBATE - The House proceeded with forty minutes of debate on H.R. 3301.
Type: Floor
| Source: House floor actions
| Code: H8D000
Jun 23, 2025
4:56 PM
4:56 PM
Considered under suspension of the rules. (consideration: CR H2871-2872)
Type: Floor
| Source: House floor actions
| Code: H30000
Jun 23, 2025
4:56 PM
4:56 PM
Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
Type: Floor
| Source: House floor actions
| Code: H30300
Jun 23, 2025
4:56 PM
4:56 PM
Placed on the Union Calendar, Calendar No. 91.
Type: Calendars
| Source: House floor actions
| Code: H12410
Jun 3, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-121.
Type: Committee
| Source: House floor actions
| Code: H12200
Jun 3, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-121.
Type: Committee
| Source: Library of Congress
| Code: 5000
Jun 3, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 1.
Type: Committee
| Source: House committee actions
| Code: H19000
May 20, 2025
Committee Consideration and Mark-up Session Held
Type: Committee
| Source: House committee actions
| Code: H15001
May 20, 2025
Referred to the House Committee on Financial Services.
Type: IntroReferral
| Source: House floor actions
| Code: H11100
May 8, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: Intro-H
May 8, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: 1000
May 8, 2025
Subjects (7)
Administrative law and regulatory procedures
Business records
Finance and Financial Sector
(Policy Area)
Government information and archives
Licensing and registrations
Securities
Securities and Exchange Commission (SEC)
Cosponsors (1)
(D-OR)
May 8, 2025
May 8, 2025
Text Versions (4)
Full Bill Text
Length: 2,386 characters
Version: Referred in Senate
Version Date: Jun 24, 2025
Last Updated: Nov 18, 2025 6:07 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3301 Referred in Senate
(RFS) ]
<DOC>
119th CONGRESS
1st Session
H. R. 3301
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
June 24, 2025
Received; read twice and referred to the Committee on Banking, Housing,
and Urban Affairs
_______________________________________________________________________
AN ACT
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.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
[From the U.S. Government Publishing Office]
[H.R. 3301 Referred in Senate
(RFS) ]
<DOC>
119th CONGRESS
1st Session
H. R. 3301
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
June 24, 2025
Received; read twice and referred to the Committee on Banking, Housing,
and Urban Affairs
_______________________________________________________________________
AN ACT
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.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1.
This Act may be cited as the ``Encouraging Local Emerging Ventures
and Economic Growth Act of 2025'' or the ``ELEVATE Act of 2025''.
SEC. 2.
Section 12
(b) of the Securities Exchange Act of 1934 (15 U.
(b) of the Securities Exchange Act of 1934 (15 U.S.C.
78l
(b) ) is amended--
(1) in paragraph
(1)
(K) , by striking ``years,'' and
inserting ``years (or, in the case of an emerging growth
company, not more than the two preceding years),''; and
(2) by adding at the end the following:
``Any issuer may confidentially submit to the Commission a draft
registration statement for confidential nonpublic review by the staff
of the Commission prior to public filing, provided that the initial
confidential submission and all amendments thereto shall be publicly
filed with the Commission not later than 10 days before listing on a
national securities exchange. Notwithstanding any other provision of
this title, the Commission shall not be compelled to disclose any
information provided to or obtained by the Commission pursuant to this
subsection. For purposes of
section 552 of title 5, this subsection
shall be considered a statute described in subsection
(b)
(3)
(B) of such
shall be considered a statute described in subsection
(b)
(3)
(B) of such
(b)
(3)
(B) of such
section 552.
subsection shall be deemed to constitute confidential information for
purposes of
purposes of
section 24.
Passed the House of Representatives June 23, 2025.
Attest:
KEVIN F. MCCUMBER,
Clerk.