The record

LegislationLegislation· Jun 2025
HR 3381 Passed House — in Senate

Sponsored by Ann Wagner (R)

Encouraging Public Offerings Act of 2025

Lets all companies test investor interest and submit confidential draft offerings to the SEC before going public.

Tradeoff

Expands disclosure flexibility for companies planning public stock offerings. The SEC must report to Congress before imposing new rules on non-emerging-growth companies using these procedures.

What's in it

See official bill text

Passed the House by on June 23, 2025 — sitting in the Senate.

  1. House

    Introduced

    (May 14, 2025)

  2. House

    Committee on Financial Services(May 14, 2025)

  3. House

    The Committee on Financial Services voted to send it to the floor

    Reported 48 - 2(May 20, 2025)

    Committee report H. Rept. 119-116.

  4. House

    Passage of the bill

    Passed by (Jun 23, 2025)

    No individual votes were recorded.

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(Jun 24, 2025)