S.536 - Encouraging Public Offerings Act of 2019116th Congress (2019-2020)
|Sponsor:||Sen. Tillis, Thom [R-NC] (Introduced 02/25/2019)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 02/25/2019 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
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Summary: S.536 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in Senate (02/25/2019)
Encouraging Public Offerings Act of 2019
This bill allows 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.