Loading chat...
US HB3301
Bill
Status
Engrossed
6/24/2025
Primary Sponsor
Zachary Nunn
Click for details
AI Summary
- Amends the Securities Exchange Act of 1934 to reduce financial disclosure requirements for emerging growth companies from the standard period to only the two preceding years
- Permits any issuer to submit draft registration statements to the SEC for confidential nonpublic review before public filing
- Requires confidential submissions and all amendments to be publicly filed at least 10 days before listing on a national securities exchange
- Protects confidentially submitted information from compelled disclosure by the SEC and exempts it from Freedom of Information Act requests under section 552 of title 5
- Passed the House of Representatives on June 23, 2025
Legislative Description
ELEVATE Act of 2025 Encouraging Local Emerging Ventures and Economic Growth Act of 2025
Finance and financial sector
Last Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
6/24/2025
Committee Referrals
Banking, Housing, And Urban Affairs6/24/2025
Financial Services5/8/2025
Full Bill Text
No bill text available