H.R.294 - Encouraging Public Offerings Act of 2021117th Congress (2021-2022) |
|Sponsor:||Rep. Budd, Ted [R-NC-13] (Introduced 01/13/2021)|
|Committees:||House - Financial Services|
|Latest Action:||House - 01/13/2021 Referred to the House Committee on Financial Services. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.294 — 117th Congress (2021-2022)All Information (Except Text)
Introduced in House (01/13/2021)
Encouraging Public Offerings Act of 2021
This bill extends certain procedures currently available to emerging growth companies to all issuers of securities.
Specifically, the bill provides statutory authority for 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).
The bill also allows issuers 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.