S.2347 - Encouraging Public Offerings Act of 2018115th Congress (2017-2018)
|Sponsor:||Sen. Tillis, Thom [R-NC] (Introduced 01/25/2018)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 06/26/2018 Committee on Banking, Housing, and Urban Affairs. Hearings held. (All Actions)|
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Summary: S.2347 — 115th Congress (2017-2018)All Information (Except Text)
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.