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

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

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%