Encouraging Public Offerings Act of 2025
Introduced May 14, 2025 by Rep. Ann Wagner
The House passed it. The Senate has to pass it before it can reach the President.
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 to the Securities and Exchange Commission, with respect to an initial public offering, initial registration, or follow-on offering, a confidential draft registration statement for review prior to public filing.
Summary by the Congressional Research Service.
No recorded roll-call vote on this bill — it may have passed by voice vote or unanimous consent, which don't record individual votes.
- Jun 24, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jun 23, 2025Motion to reconsider laid on the table Agreed to without objection.
- Jun 23, 2025On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2872-2873)
- Jun 23, 2025Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2872-2873)
- Jun 23, 2025DEBATE - The House proceeded with forty minutes of debate on H.R. 3381.
- Jun 23, 2025Considered under suspension of the rules. (consideration: CR H2872-2873)
- Jun 23, 2025Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
- Jun 3, 2025Placed on the Union Calendar, Calendar No. 86.
- Jun 3, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-116.
- May 20, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 2.
- May 20, 2025Committee Consideration and Mark-up Session Held
- May 14, 2025Referred to the House Committee on Financial Services.
- May 14, 2025Introduced in House