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HR 2793 118th Congress House Finance and Financial Sector Financial services and investments Government information and archives Securities

Encouraging Public Offerings Act of 2023

Introduced: April 20, 2023 Introduced by: Wagner, Ann Republican · Missouri See on congress.gov
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 Everywhere this bill has been 15 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 6, 2023
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 5, 2023
Motion to reconsider laid on the table Agreed to without objection.
Jun 5, 2023
On 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
Passed/agreed to in House: On 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
Considered as unfinished business. (consideration: CR H2731)
Jun 5, 2023
At 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
DEBATE - The House proceeded with forty minutes of debate on H.R. 2793.
Jun 5, 2023
Considered under suspension of the rules. (consideration: CR H2727-2729)
Jun 5, 2023
Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
Jun 5, 2023
Placed on the Union Calendar, Calendar No. 67.
Jun 5, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-90.
Apr 26, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 38 - 1.
Apr 26, 2023
Committee Consideration and Mark-up Session Held.
Apr 20, 2023
Referred to the House Committee on Financial Services.
Apr 20, 2023
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Jun 5, 2023 House · vote #245 On Motion to Suspend the Rules and Pass, as Amended Passed 384–13 See who voted →
 Plain-English summary Congressional Research Service

Encouraging Public Offerings Act of 2023

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.

What's happening now June 6, 2023

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

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 2 Republican 1