This bill amends the Securities Exchange Act of 1934 to streamline regulatory requirements for companies seeking to list securities. It specifically reduces the financial reporting burden for emerging growth companies , requiring them to provide financial statements for a maximum of two preceding fiscal years, rather than an unspecified longer period. The legislation also introduces a new provision allowing any issuer to confidentially submit a draft registration statement to the Securities and Exchange Commission (SEC) for nonpublic review by its staff. This confidential submission, along with any amendments, must be publicly filed no later than 10 days before the applicable security is listed on a national securities exchange. Furthermore, the bill ensures that information provided under this confidential review process is protected from compelled disclosure by the SEC and is considered confidential under federal law.