The record

LegislationLegislation· Jun 2025
HR 3301 Passed House — in Senate

Sponsored by Zachary Nunn (R)

ELEVATE Act of 2025

Lets emerging growth companies file two years of financials instead of three, allows confidential SEC pre-filing.

Tradeoff

Reduces regulatory burden on smaller public companies and early-stage issuers seeking SEC review. Does not require offsetting spending cuts or revenue.

What's in it

See official bill text

Passed the House by on June 23, 2025 — sitting in the Senate.

  1. House

    Introduced

    (May 8, 2025)

  2. House

    Committee on Financial Services(May 8, 2025)

  3. House

    The Committee on Financial Services voted to send it to the floor

    Reported 50 - 1(May 20, 2025)

    Committee report H. Rept. 119-121.

  4. House

    Passage of the bill

    Passed by (Jun 23, 2025)

    No individual votes were recorded.

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(Jun 24, 2025)