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Easier Stock Market Access for Small Businesses

This act aims to simplify the process for small and emerging companies to go public on the stock market. It allows these companies to prepare for public offerings more quickly and confidentially, potentially leading to job creation and economic growth. Citizens may indirectly benefit from the development of local businesses.
Key points
Smaller companies will need to provide less historical data when registering for stock exchange listing.
Companies can submit draft registration statements for confidential review by the Securities and Exchange Commission before public filing.
Confidential information provided to the Commission will be protected from public disclosure.
article Official text account_balance Process page
Passed House
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3301
Sponsor: Rep. Nunn, Zachary [R-IA-3]
Process start date: 2025-05-08
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

ELEVATE Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3301.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-05-08.

What are the main provisions?

Key points include:

  • Smaller companies will need to provide less historical data when registering for stock exchange listing.
  • Companies can submit draft registration statements for confidential review by the Securities and Exchange Commission before public filing.
  • Confidential information provided to the Commission will be protected from public disclosure.
What is the specific legal status?

The current status is Passed House.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Nunn, Zachary [R-IA-3].

What is the latest detailed status?

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

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Economy