Encouraging Public Offerings Act of 2017

Bill: 115-hr-3903
Sponsor: Rep. Budd, Ted [R-NC-13]
Introduced: 2017-10-02 in the House
Policy area: Finance and Financial Sector
Subjects: Financial services and investments
Government information and archives
Securities

Summary:
action_date: 2017-10-02
text: 

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. 

action_date: 2017-10-31
text: 

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. 

action_date: 2017-11-01
text: 

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. 


Legislative actions:
action_date: 2017-11-02
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2017-11-01
text: 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.
action_date: 2017-11-01
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2017-11-01
text: 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)
action_date: 2017-11-01
text: 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)
action_date: 2017-11-01
text: Considered as unfinished business. (consideration: CR H8361-8362)
action_date: 2017-11-01
text: 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.
action_date: 2017-11-01
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 3903.
action_date: 2017-11-01
text: Considered under suspension of the rules. (consideration: CR H8318-8320)
action_date: 2017-11-01
text: Mr. Huizenga moved to suspend the rules and pass the bill, as amended.
action_date: 2017-10-31
text: Placed on the Union Calendar, Calendar No. 274.
action_date: 2017-10-31
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 115-374.
action_date: 2017-10-31
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 115-374.
action_date: 2017-10-12
text: Ordered to be Reported (Amended) by the Yeas and Nays: 60 - 0.
action_date: 2017-10-12
text: Committee Consideration and Mark-up Session Held.
action_date: 2017-10-11
text: Committee Consideration and Mark-up Session Held.
action_date: 2017-10-02
text: Referred to the House Committee on Financial Services.
action_date: 2017-10-02
text: Introduced in House
action_date: 2017-10-02
text: Introduced in House