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H.R. 3903

Referred to Committee

Encouraging Public Offerings Act of 2017

Introduced 10/2/2017•115th Congress•House

Latest Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

11/2/2017 • Senate

Summary

Encouraging Public Offerings Act of 2017

(Sec. 2) This bill amends the Securities Act of 1933 to allow an issuer of securities to communicate with potential investors to ascertain interest in a contemplated securities offering, either before or after the filing of a registration statement (i.e., "test the waters"). Under current law, only emerging growth companies may engage in such communications.

The bill also allows an issuer to submit a confidential draft registration statement to the Securities and Exchange Commission for review prior to public filing or within one year after the initial public offering or registration.

Passed House amended • 11/1/2017

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Topics & Subjects

Financial services and investmentsGovernment information and archivesSecurities

Related Federal Spending

Sponsor & Cosponsors (2)

Party Breakdown

1
Democrats
1
Republicans
0
Independents

Sponsor

R[
Rep. Budd, Ted [R-NC-13]

Republican • NC-13

Sponsored 10/2/2017

Cosponsors (1)

R[
Rep. Meeks, Gregory W. [D-NY-5]

D-NY-5

Joined 10/2/2017

Bill Journey

Originated in the House

Introduced

October 2, 2017

Committee Review

October 11, 2017

Committee Consideration and Mark-up Session Held.

Floor Debate

November 1, 2017

Passed Chamber

November 1, 2017

Other Chamber

President

Enacted into Law

Text Versions (4)

Referred in Senate11/2/2017
Engrossed in House11/1/2017
Reported in House10/31/2017
Introduced in House10/2/2017

Committee Reports (1)

Details

Bill TypeHR
Current StatusReferred to Committee
Cosponsors1