HR 2610 · To amend the Securities Exchange Act of 1934 to specify certain registration statement contents for emerging growth companies, to permit issuers to file draft registration statements with the Securities and Exchange Commission for confidential review, and for other purposes.

Legislation· Jun 2023

To amend the Securities Exchange Act of 1934 to specify certain registration statement contents for emerging growth companies, to permit issuers to file draft registration statements with the Securities and Exchange Commission for confidential review, and for other purposes.

Would have let emerging growth companies file two years of financial statements instead of three, and allowed confidential draft filings with the SEC.

Tradeoff

Would have let companies submit draft registration statements to the SEC privately before going public. Would have cut the required financial history for emerging growth companies from three years to two.

What's in it

See official bill text

H.R. 2610, a bill to amend the Securities Exchange Act of 1934 to specify certain registration statement contents for emerging growth companies, to permit issuers to file draft registration statements with the Securities and Exchange Commission for confidwww.cbo.gov/publication/59141 · May 2023

The House passed this bill by on June 5, 2023. The Senate never voted on it before the Congress ended, so the bill expired.

House
Introduced
(Apr 13, 2023)
House
Committee on Financial Services(Apr 13, 2023)
House
The Committee on Financial Services voted to send it to the floor
Reported 42 - 0(Apr 26, 2023)
Committee report H. Rept. 118-89.
House
Passage of the bill
Passed by (Jun 5, 2023)
No individual votes were recorded.
Senate
Received from the House
on Banking, Housing, and Urban Affairs(Jun 6, 2023)