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H.R. 4430 119th Congress House

Expanding WKSI Eligibility Act

Official title: To lower the aggregate market value of voting and non-voting common equity necessary for an issuer to qualify as a well-known seasoned issuer.

Introduced: July 16, 2025 Introduced by: Bryan Steil Republican · Wisconsin See on congress.gov
Finance and Financial Sector Business investment and capitalCorporate finance and managementSecurities
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 Everywhere this bill has been 13 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 2, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 1, 2025
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4952)
Dec 1, 2025
Motion to reconsider laid on the table Agreed to without objection.
Dec 1, 2025
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4952)
Dec 1, 2025
DEBATE - The House proceeded with forty minutes of debate on H.R. 4430.
Dec 1, 2025
Considered under suspension of the rules. (consideration: CR H4952-4953)
Dec 1, 2025
Mr. Davidson moved to suspend the rules and pass the bill, as amended.
Sep 8, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-247.
Sep 8, 2025
Placed on the Union Calendar, Calendar No. 204.
Jul 22, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 2.
Jul 22, 2025
Committee Consideration and Mark-up Session Held
Jul 16, 2025
Introduced in House
Jul 16, 2025
Referred to the House Committee on Financial Services.
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What's happening now December 2, 2025

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

 Plain-English summary Congressional Research Service

This bill reduces the required aggregate market value of voting and non-voting common equity shares for an issuer of securities to qualify as a well-known seasoned issuer. A well-known seasoned issuer is allowed to make expedited public offerings of securities through automatic shelf registrations.

 Hearings & markups 1
  • Various Measures
    Markup Jul 22, 2025 · 10:00 AM EDT · Financial Services Committee
 Related & companion bills 1
  • S 3749 Identical bill Expanding WKSI Eligibility Act
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Lobbying activity 10

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

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 Cosponsors 3
All 3 Democratic 2 Republican 1
D
Himes, James A.
Connecticut · Jul 25, 2025
 D
Fields, Cleo
Louisiana · Jul 21, 2025
 R
Meuser, Daniel
Pennsylvania · Jul 21, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4430: Expanding WKSI Eligibility Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-4430/
MLA
"H.R. 4430: Expanding WKSI Eligibility Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-4430/.
Bluebook (legal)
H.R. 4430, 119th Cong. (2026), https://openamerica.io/bill/119-HR-4430/.
Markdown link
[H.R. 4430: Expanding WKSI Eligibility Act](https://openamerica.io/bill/119-HR-4430/)
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