Encouraging Public Offerings Act of 2023
- Introduced Apr 20
- Committee Apr 20
- Passed House Jun 5
- Passed Senate Next
- To President Not yet
- Law Not yet
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Summary
Encouraging Public Offerings Act of 2023
Full summary4 paragraphs
This bill provides statutory authority for all issuers of securities to use certain offering procedures that are available to emerging growth companies.
Specifically, the bill allows under statute issuers 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).
Additionally, issuers are allowed under statute to submit a confidential draft registration statement to the Securities and Exchange Commission (SEC) for review prior to public filing or within one year after the initial public offering or registration (i.e., a follow-on offering).
If the SEC pursues further rulemaking to related to these provisions, the SEC must submit a report to Congress supporting the basis of the rulemaking.
Library of Congress summary, Jun 5, 2023
- Passed HouseJun 5, 2023
- Introduced in HouseApr 20, 2023
Actions
- SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Jun 6, 2023
- HouseMotion to reconsider laid on the table Agreed to without objection.Jun 5, 2023
- HouseOn motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 384 - 13 (Roll no. 245). (text: CR H2727-2728)Jun 5, 2023
- HouseConsidered as unfinished business. (consideration: CR H2731)Jun 5, 2023
- HouseAt the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.Jun 5, 2023
- HouseDEBATE - The House proceeded with forty minutes of debate on H.R. 2793.Jun 5, 2023
- HouseConsidered under suspension of the rules. (consideration: CR H2727-2729)Jun 5, 2023
- HouseMrs. Wagner moved to suspend the rules and pass the bill, as amended.Jun 5, 2023
- HouseReported (Amended) by the Committee on Financial Services. H. Rept. 118-90.Jun 5, 2023
- HousePlaced on the Union Calendar, Calendar No. 67.Jun 5, 2023
- HouseCommittee Consideration and Mark-up Session Held.Apr 26, 2023
- HouseOrdered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 38 - 1.Apr 26, 2023
All actions14
- HouseIntroduced in HouseApr 20, 2023
- HouseReferred to the House Committee on Financial Services.Apr 20, 2023
Bill record
Text versions4
- Referred in SenateJun 6, 2023PDF: Referred in Senate
- Reported in HouseJun 5, 2023PDF: Reported in House
- Engrossed in HouseJun 5, 2023PDF: Engrossed in House
- Introduced in HouseApr 20, 2023PDF: Introduced in House
Committees2
- Senate Banking, Housing, and Urban Affairs CommitteeReferred To Jun 6, 2023
- House Financial Services CommitteeReported By Jun 5, 2023Markup By, Apr 26, 2023Referred To, Apr 20, 2023
Sponsor and cosponsors4 cosponsors
- Rep. Ann Wagner (R-MO-2)Sponsor, Apr 20, 2023
- GREGORY MEEKS (D-NY-5)OriginalJoined Apr 20, 2023
- Ritchie Torres (D-NY-15)Joined Apr 24, 2023
- Wiley Nickel (D-NC-13)Joined Apr 24, 2023
- Michael Lawler (R-NY-17)Joined Apr 25, 2023
Amendments0
No amendments offered
Cost estimates and reports2
- CBO: H.R. 2793, Encouraging Public Offerings Act of 2023May 26, 2023As ordered reported by the House Committee on Financial Services on April 26, 2023
- H. Rept. 118-90Committee report
Titles2
- Encouraging Public Offerings Act of 2023Short Titles from RFS (Referred to Senate) bill text
- To amend the Securities Act of 1933 to expand the ability to use testing the waters and confidential draft registration submissions, and for other purposes.Official Title as Introduced
Subjects4
Related bills1
- S. 3030 118th, Identical bill Encouraging Public Offerings Act of 2023
Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.