The record

LegislationLegislation· Dec 2025
HR 4430 Passed House — in Senate

Sponsored by Bryan Steil (R)

Expanding WKSI Eligibility Act

Lowers the market-value threshold for companies to qualify as well-known seasoned issuers.

Tradeoff

Lets mid-size companies skip some steps in taking out loans or selling stock to the public. The bill doesn't spend money or cut programs.

What's in it

See official bill text

Passed the House by on December 1, 2025 — now in the Senate.

  1. House

    Introduced

    (Jul 16, 2025)

  2. House

    Committee on Financial Services(Jul 16, 2025)

  3. House

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

    Reported 51 - 2(Jul 22, 2025)

    Committee report H. Rept. 119-247.

  4. House

    Passage of the bill

    Passed by (Dec 1, 2025)

    No individual votes were recorded.

  5. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(Dec 2, 2025)