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S. 3966 117th Congress Senate

Facilitating Main Street Offerings Act

Official title: A bill to amend the Securities Act of 1933 to define secondary offerings of Regulation A tier 2 securities as covered securities for purposes of an exemption f… Show full official titleShow less

Official title: A bill to amend the Securities Act of 1933 to define secondary offerings of Regulation A tier 2 securities as covered securities for purposes of an exemption from State regulation, and for other purposes.

Introduced: March 30, 2022 Introduced by: Jerry Moran Republican · Kansas See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresSecuritiesState and local financeState and local government operations
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 5, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-621.
Mar 30, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 30, 2022
Introduced in Senate
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 Latest action April 5, 2022

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-621.

 Plain-English summary Congressional Research Service

Facilitating Main Street Offerings Act

This bill exempts certain securities issued under Regulation A from state regulation of secondary transactions. Regulation A exempts small issues of securities from registration requirements.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 3966: Facilitating Main Street Offerings Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-3966/
MLA
"S. 3966: Facilitating Main Street Offerings Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-3966/.
Bluebook (legal)
S. 3966, 117th Cong. (2026), https://openamerica.io/bill/117-S-3966/.
Markdown link
[S. 3966: Facilitating Main Street Offerings Act](https://openamerica.io/bill/117-S-3966/)
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