SB3030: Encouraging Public Offerings Act of 2023
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend the Securities Act of 1933 to expand the ability to use testing the waters and confidential draft registration submissions, and for other purposes.
Plain-language summary
This bill would change securities laws (rules for selling company stock to the public) to make it easier for companies to go public. It expands two methods: testing the waters, which lets companies gauge investor interest before formal filing, and confidential draft submissions, which let companies file private versions with regulators first. The bill is currently introduced in Congress, meaning it has been formally submitted but not yet assigned to for review.
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SB3030: Encouraging Public Offerings Act of 2023
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Sponsors
Ted Budd
Primary SponsorCo-sponsors (3)
Raphael Warnock
Thom Tillis
Chris Van Hollen