Work to pass the ELEVATE Act, which would reduce bureaucratic red tape for small and mid-sized businesses seeking capital.

Pete Ricketts · Nebraska · Republican

policy impact 3.00 specificity 1.00 extraction confidence 95%

Occurrences

U.S. Senators Pete Ricketts (R-NE) and Catherine Cortez Masto (D-NV) introduced the Encouraging Local Emerging Ventures and Economic Growth (ELEVATE) Act. The ELEVATE Act would reduce bureaucratic red tape for small and mid-sized businesses seeking capital.

Introduced the ELEVATE Act to reduce bureaucratic barriers for small and medium-sized businesses accessing capital.

Ricketts, Cortez Masto Introduce the ELEVATE Act to Unlock Capital for Small Companies
primary · press_release · model gpt-4.1

Ricketts, Cortez Masto Introduce the ELEVATE Act to Unlock Capital for Small Companies ... The ELEVATE Act would reduce bureaucratic red tape for small and mid-sized businesses seeking capital.

Ricketts introduced the ELEVATE Act, a bill aimed at reducing bureaucratic red tape for small and mid-sized businesses seeking capital.

Press Releases - Senator Pete Ricketts
primary · press_release · model gpt-5.5

Evidence

Today, U.S. Senators Pete Ricketts and Catherine Cortez Masto introduced the Encouraging Local Emerging Ventures and Economic Growth (ELEVATE) Act. The release says the bill would reduce bureaucratic red tape for small and mid-sized businesses seeking to raise capital investment through an IPO.

Ricketts publicly introduced the ELEVATE Act and described it as easing capital-raising red tape, but this is only introduction-stage evidence, not passage.

unresolved same_term A for effort

Ricketts, Cortez Masto Introduce the ELEVATE Act to Unlock Capital for Small Companies
primary · model gpt-5.4-mini · confidence 98%

Last Action Date Listed: March 10, 2026. Action: Mr. Ricketts (for himself and Ms. Cortez Masto) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

The official bill record shows the measure was introduced and referred to committee, with no later action listed, so the commitment remains unresolved as of the lookback window.

unresolved same_term A for effort

S. 4034 (IS) - Encouraging Local Emerging Ventures and Economic Growth Act of 2026 | GovInfo
secondary · model gpt-5.4-mini · confidence 99%

The official GovInfo bill record still lists March 10, 2026 as the last action and says the bill was introduced and referred to the Senate Banking, Housing, and Urban Affairs Committee.

No new official Senate action was visible in the June 4-6, 2026 lookback window; the measure remains at introduction and committee referral only.

unresolved same_term A for effort

S. 4034 (IS) - Encouraging Local Emerging Ventures and Economic Growth Act of 2026 | GovInfo
secondary · model gpt-5.4-mini · confidence 98%

Senator Pete Ricketts announced that he and Senator Catherine Cortez Masto introduced the ELEVATE Act, describing it as legislation to unlock capital for small companies by reducing regulatory burdens.

Ricketts took concrete action toward the promise by introducing the ELEVATE Act, but introduction alone does not show passage or enactment.

partial same_term A for effort

Ricketts, Cortez Masto Introduce the ELEVATE Act to Unlock Capital for Small Companies
primary · model gpt-5.5 · confidence 94%

GovInfo identifies S. 4034 as the introduced Senate version of the Encouraging Local Emerging Ventures and Economic Growth Act of 2026.

The official bill text supports that the ELEVATE Act was introduced in the 119th Congress, but it does not show the bill became law.

partial same_term A for effort

S. 4034 (IS) - Encouraging Local Emerging Ventures and Economic Growth Act of 2026 | GovInfo
secondary · model gpt-5.5 · confidence 96%

Congress.gov’s bill record for S.4034 lists the measure as introduced in the Senate and referred to committee, with no enacted-law status shown.

The official legislative record indicates the bill had not passed Congress or become law as of the assessment date, so the promise to pass it was not fulfilled despite Ricketts’s effort.

never same_term A for effort

S.4034 - Encouraging Local Emerging Ventures and Economic Growth Act of 2026
secondary · model gpt-5.5 · confidence 98%

Assessments

never same_term A for effort

Ricketts materially attempted the promise by introducing S.4034, the ELEVATE Act, with Senator Cortez Masto in the 119th Congress. However, the official bill records in the provided evidence show only introduction and referral to the Senate Banking, Housing, and Urban Affairs Committee, with no passage by either chamber and no enactment. Because the promised outcome was to work to pass the ELEVATE Act and the bill had not passed, this is a failed serious legislative effort rather than delivery.

provider codex_cli · model gpt-5.5 · confidence 97%

never unknown A for effort

Ricketts did materially advance the ELEVATE Act by introducing it and sending it to the Senate Banking Committee, but the available record shows no passage or enacted outcome. Because the promise was to work to pass the bill and that result has not been delivered, this is a failed legislative promise with clear effort but no fulfillment.

provider codex_cli · model gpt-5.4-mini · confidence 98%

unresolved same_term A for effort

Ricketts introduced S. 4034, the ELEVATE Act of 2026, with Sen. Cortez Masto on March 10, 2026, and the bill was referred to the Senate Banking, Housing, and Urban Affairs Committee. The available official and current bill-tracking evidence shows introduction and referral only, with no passage or enactment. Because the promise was to work to pass the Act, his sponsorship is a serious same-term legislative effort, but the promised outcome has not yet been delivered.

provider codex_cli · model gpt-5.5 · confidence 96%