Summary: S.2347 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.2347. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (01/25/2018)

Encouraging Public Offerings Act of 2018

This bill amends the Securities Act of 1933 to allow an issuer 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"). Under current law, only emerging growth companies may engage in such communications.

The bill also allows an issuer 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.