Encouraging Public Offerings Act of 2023
- Last Action
- 10/4/2023
Actions
- 2023-10-04Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2023-10-04Introduced in Senate
CRS Summary
As of 2023-10-04 (00)
Encouraging Public Offerings Act of 2023
This bill provides statutory authority for all issuers of securities to use certain offering procedures that are available to emerging growth companies.
Specifically, the bill allows under statute issuers 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).
Additionally, issuers are allowed under statute 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.
Cosponsors (3)
- Raphael Warnock (D-GA)
- Thomas Tillis (R-NC)
- Chris Van Hollen (D-MD)
Subjects
- Financial services and investments
- Government information and archives
- Securities
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.