# 119-s-4034: ELEVATE Act of 2026

119-s-4034, ELEVATE Act of 2026, is a 119th Congress bill sponsored by Sen. Ricketts, Pete [R-NE] (R-NE); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-4034
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4034
- Congress: 119
- Title: ELEVATE Act of 2026
- Status: introduced
- Introduced: 2026-03-10
- Sponsor: Sen. Ricketts, Pete [R-NE] (R-NE)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Creates a confidential review pathway** that would let issuers submit draft registration statements to the SEC for nonpublic review and tightens some disclosure rules for Emerging Growth Companies. - Emerging Growth Companies: The bill would change how required registration items are organized and limit one disclosure to covering no more than the two preceding fiscal years. - Issuers: Any issuer could confidentially submit a draft registration for SEC review, but the initial confidential submission and any amendments must be publicly filed no later than 10 days before the security lists on a national securities exchange. - SEC and records: The SEC would not be compelled to disclose information provided under this pathway. Material from these confidential reviews would be treated as exempt from public release under 5 U.S.C. 552 and as confidential under section 24.

## Cosponsors (1)

- Sen. Cortez Masto, Catherine [D-NV] (D-NV), 2026-03-10T00:00:00.000Z

## Provisions PRIA read

- Confidential SEC review for issuers: benefit, medium. If enacted, any issuer would be able to give the SEC a draft registration privately for staff review before publicly filing. The draft and any changes would have to be filed publicly no later than 10 days before the security lists on a national exchange. The SEC would treat those drafts and related…
- Less financial history for emerging companies: benefit, low. If enacted, an emerging growth company would only need to include financial statements covering not more than the two preceding fiscal years in its registration. This change would apply only when the issuer qualifies as an emerging growth company. This would take effect upon enactment.

## Related bills

- 119-s-2828: Child Care Modernization Act of 2025
- 119-s-4668: Protect College Sports Act of 2026
- 119-s-1748: Kids Online Safety Act
- 119-s-3265: Improve and Enhance the Work Opportunity Tax Credit Act
- 119-s-1260: Rural Housing Service Reform Act of 2025
- 119-s-554: United States-Israel Defense Partnership Act of 2025

## Sources
- [119-s-4034 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4034)

## Related
- [119-s-2828: Child Care Modernization Act of 2025](https://policyrisk.com/legislation/119-s-2828)
- [119-s-4668: Protect College Sports Act of 2026](https://policyrisk.com/legislation/119-s-4668)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-3265: Improve and Enhance the Work Opportunity Tax Credit Act](https://policyrisk.com/legislation/119-s-3265)
- [119-s-1260: Rural Housing Service Reform Act of 2025](https://policyrisk.com/legislation/119-s-1260)
- [119-s-554: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-s-554)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4034 (as of 2026-04-21).