Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The ACT enhancements aim to improve college and career readiness by modernizing the test structure and content while maintaining the validity and predictive value of the ACT [12][17] - The enhanced ACT will feature a shorter format, with a total testing time of 125 minutes compared to the legacy ACT's 175 minutes, allowing for more time per question [34][36] - The science section will become optional, and the Composite score will reflect only English, mathematics, and reading, providing greater flexibility for students [13][56] Summary by Relevant Sections Introduction - The report outlines enhancements to the ACT test, emphasizing the need for periodic review and revision to meet evolving educational standards and stakeholder needs [17][19] Chapter 1: Identifying Potential Areas for Revision - The chapter discusses the rationale for enhancements, focusing on testing time, student choice, modernization, and accessibility while ensuring continuity in score interpretation and validity [61][62] Chapter 2: Panels, Initial Studies, and Revisions - Expert panels evaluated proposed changes, providing feedback that led to minor revisions in the blueprints for the ACT enhancements [63] Chapter 3: Validity Evidence Based on Test Content - This chapter presents evidence supporting the validity of the test content and response processes, ensuring alignment with college readiness standards [3][4] Chapter 4: Additional Psychometric and Validity Evidence - The chapter includes findings from linking studies and mode comparability studies, demonstrating the reliability and validity of the enhanced ACT [4][5] Chapter 5: Plans for Additional Research - Future research plans are outlined, including a National Curriculum Survey and cognitive process research to further validate the enhancements [5][6] Chapter 6: Revision of the PreACT Suite of Assessments - Enhancements to the PreACT assessments are discussed, focusing on goals and rationales for updates to better align with the ACT enhancements [6][7]