Sponsored by Ann Wagner (R)
Encouraging Public Offerings Act of 2023
Would have let all companies, not just emerging ones, test investor interest and submit confidential IPO drafts.
Tradeoff
Would have let all companies talk with investors before filing public registration papers. Companies would still have to make draft filings public before selling shares.
What's in it
The House passed this bill 384-13 on June 5, 2023. The Senate never voted on it before the Congress ended, so the bill expired.
House
Introduced
(Apr 20, 2023)
House
Committee on Financial Services(Apr 20, 2023)
House
The Committee on Financial Services voted to send it to the floor
Reported 38 - 1(Apr 26, 2023)
Committee report H. Rept. 118-90.
House
On Motion to and Pass, as Amended
Passed(Roll #245 · Jun 5, 2023)
384 yeanay 13Senate
Received from the House
on Banking, Housing, and Urban Affairs(Jun 6, 2023)
- Gregory W. Meeks (D-NY)
- Wiley Nickel (D-NC)
- Ritchie Torres (D-NY)
- Michael Lawler (R-NY)
Passage votes· Jun 5, 2023· 118th Congress · 2023–2025