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Bill115th CongressFiled Oct 2, 2017Finance and Financial Sector
H.R. 3903

Encouraging Public Offerings Act of 2017

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house amended (Nov 1, 2017)

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.

What just happenedNov 2, 2017

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

Who’s behind it

Rep. Budd, Ted [R-NC-13](R-NC)Sponsor
1 cosponsor1 D
Read on Congress.gov
1cosponsors2committees19actions4related bills3subjects
  1. Nov 2, 2017IntroReferral

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

    Banking, Housing, and Urban Affairs Committee
  2. Nov 1, 2017FloorH38900

    The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 3903.

  3. Nov 1, 2017FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  4. Nov 1, 2017FloorH37300

    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 419 - 0 (Roll no. 599). (text: CR H8318)

  5. Nov 1, 2017Floor8000

    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): 419 - 0 (Roll no. 599).(text: CR H8318)

  6. Nov 1, 2017FloorH30000

    Considered as unfinished business. (consideration: CR H8361-8362)

  7. Nov 1, 2017FloorH37220

    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.

  8. Nov 1, 2017FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 3903.

  9. Nov 1, 2017FloorH30000

    Considered under suspension of the rules. (consideration: CR H8318-8320)

  10. Nov 1, 2017FloorH30300

    Mr. Huizenga moved to suspend the rules and pass the bill, as amended.

  11. Oct 31, 2017CalendarsH12410

    Placed on the Union Calendar, Calendar No. 274.

  12. Oct 31, 2017CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 115-374.

    Financial Services Committee
  13. Oct 31, 2017Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 115-374.

    Financial Services Committee
  14. Oct 12, 2017Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 60 - 0.

    Financial Services Committee
  15. Oct 12, 2017Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  16. Oct 11, 2017Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  17. Oct 2, 2017IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  18. Oct 2, 2017IntroReferralIntro-H

    Introduced in House

  19. Oct 2, 2017IntroReferral1000

    Introduced in House

Passed House amendedNov 1, 201736

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.

Reported to House with amendment(s)Oct 31, 201717

Encouraging Public Offerings Act of 2017

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.

Introduced in HouseOct 2, 2017

Encouraging Public Offerings Act of 2017

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.

Encouraging Public Offerings Act of 2017 — Informed