In this article we briefly reviewed the event-related potential (ERP) researches concerning the influence of time pressure on cognitive processes. First, we related some components of ERPs to substages of human information processing. Second, we introduced researches on time pressure effects on cognitive processes reflected in ERPs, especially P300 and lateralized readiness potential (LRP). P300 and LRP were assumed to reflect stimulus evaluation process and onset of motor activation process, respectively. At last, we pointed out the problems of, and discrepancies between previous studies and discussed the future direction of ERP research about time pressure effects.