What does Preamble of ELEVATE Act of 2026 do?

This bill proposes to amend the Securities Exchange Act of 1934. The amendment aims to specify certain registration statement contents for emerging growth companies. It also seeks to allow issuers to file draft registration statements with the Securities and Exchange Commission for confidential review.

What does SHORT TITLE. of ELEVATE Act of 2026 do?

This bill is formally titled the Encouraging Local Emerging Ventures and Economic Growth Act of 2026.

What does REGISTRATION STATEMENTS. of ELEVATE Act of 2026 do?

This section amends Section 12(b) of the Securities Exchange Act of 1934. The amendments redesignate existing subparagraphs and paragraphs within Section 12(b). The text modifies requirements for the content of registration statements. Issuers can now confidentially submit draft registration statements to the Commission for nonpublic review. Confidential submissions must be publicly filed no later than 10 days before the security is listed on a national securities exchange. The Commission is not compelled to disclose information provided under this paragraph. This paragraph is considered a statute described in subsection (b)(3)(B) of section 552 of title 5. Information submitted under this paragraph is deemed confidential information for purposes of section 24.

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ELEVATE Act of 2026

Last updated: 3/10/2026 · Introduced: 3/10/2026

Author: Pete Ricketts (R-NE)

TL;DR (AI)

This bill amends the Securities Exchange Act of 1934 to modify requirements for the content of registration statements.
It allows emerging growth companies to confidentially submit draft registration statements to the Securities and Exchange Commission for nonpublic review.
Confidential registration statements must be publicly filed within 10 days of the security's listing on a national exchange, and the SEC is not required to disclose information received during the confidential review.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

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