H.R. 3381 · 119th Congress

Encouraging Public Offerings Act of 2025

Introduced May 14, 2025Policy area: Finance and Financial Sector

Status: Passed House

  1. Introduced (done)
  2. Committee (done)
  3. Passed House (current)
  4. Passed Senate
  5. To President
  6. Law

Latest action

: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summary

Encouraging Public Offerings Act of 2025

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.

Actions

  1. Senate

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  2. House

    Motion to reconsider laid on the table Agreed to without objection.

  3. House

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2872-2873)

  4. House

    DEBATE - The House proceeded with forty minutes of debate on H.R. 3381.

  5. House

    Considered under suspension of the rules. (consideration: CR H2872-2873)

  6. House

    Mrs. Wagner moved to suspend the rules and pass the bill, as amended.

  7. House

    Placed on the Union Calendar, Calendar No. 86.

  8. House

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-116.

  9. House

    Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 2.

  10. House

    Committee Consideration and Mark-up Session Held

  11. House

    Referred to the House Committee on Financial Services.

  12. Introduced in House