Federal · H.R. 2793 · 118th Congress
Encouraging Public Offerings Act
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 ).
First two sentences of the Congressional Research Service's summary · Congress.gov ↗
This bill provides statutory authority for all issuers of securities to use certain offering procedures that are available to emerging growth companies.
Passed the House on Jun 5, 2023. Waiting on the Senate.
Find your representatives to see how yours voted.
First two sentences of the Congressional Research Service's summary · Congress.gov ↗. A plain-words version comes later. Official page ↗
Your reps
Find your representatives to see how yours voted.
Latest final vote: Passed · U.S. House · Jun 5, 2023
Official record ↗Constitution
Not yet mapped. The parts of the Constitution this bill touches appear here once an analysis is written and checked.
Want an analysis of this bill? A full analysis maps every provision it touches.
All votes
U.S. House · Jun 5, 2023 · Final passage
On Motion to Suspend the Rules and Pass, as Amended · Passed
Official record ↗By party
| Party | Yes | No | Present | Not voting |
|---|---|---|---|---|
| Republican | 168 | 0 | 0 | 17 |
| Democratic | 154 | 10 | 0 | 13 |
| Democrat | 5 | 1 | 0 | 0 |
| Independent | 1 | 0 | 0 | 0 |
By state (48)
| State | Yes | No | Present | Not voting |
|---|---|---|---|---|
| AL | 5 | 0 | 0 | 1 |
| AR | 4 | 0 | 0 | 0 |
| AZ | 7 | 0 | 0 | 0 |
| CA | 44 | 3 | 0 | 4 |
| CO | 5 | 0 | 0 | 0 |
| CT | 5 | 0 | 0 | 0 |
| DE | 1 | 0 | 0 | 0 |
| FL | 21 | 1 | 0 | 2 |
| GA | 11 | 0 | 0 | 0 |
| HI | 2 | 0 | 0 | 0 |
| IA | 4 | 0 | 0 | 0 |
| ID | 2 | 0 | 0 | 0 |
| IL | 16 | 0 | 0 | 1 |
| IN | 6 | 0 | 0 | 1 |
| KS | 3 | 0 | 0 | 0 |
| KY | 5 | 0 | 0 | 1 |
| LA | 5 | 0 | 0 | 0 |
| MA | 8 | 1 | 0 | 0 |
| MD | 4 | 0 | 0 | 1 |
| ME | 2 | 0 | 0 | 0 |
| MI | 10 | 1 | 0 | 1 |
| MN | 5 | 1 | 0 | 1 |
| MO | 6 | 0 | 0 | 0 |
| MS | 4 | 0 | 0 | 0 |
| MT | 1 | 0 | 0 | 0 |
| NC | 7 | 0 | 0 | 2 |
| NE | 3 | 0 | 0 | 0 |
| NH | 1 | 0 | 0 | 0 |
| NJ | 7 | 0 | 0 | 2 |
| NM | 3 | 0 | 0 | 0 |
| NV | 4 | 0 | 0 | 0 |
| NY | 16 | 1 | 0 | 3 |
| OH | 12 | 0 | 0 | 1 |
| OK | 5 | 0 | 0 | 0 |
| OR | 3 | 0 | 0 | 1 |
| PA | 14 | 1 | 0 | 0 |
| RI | 0 | 0 | 0 | 1 |
| SC | 6 | 0 | 0 | 0 |
| SD | 1 | 0 | 0 | 0 |
| TN | 8 | 0 | 0 | 0 |
| TX | 31 | 1 | 0 | 1 |
| UT | 3 | 0 | 0 | 0 |
| VA | 5 | 0 | 0 | 2 |
| VT | 1 | 0 | 0 | 0 |
| WA | 6 | 1 | 0 | 1 |
| WI | 5 | 0 | 0 | 2 |
| WV | 0 | 0 | 0 | 1 |
| WY | 1 | 0 | 0 | 0 |
The breakdown counts the 369 members whose positions are loaded; the totals above are the official record's.
Party is as each member's record lists it. Counts are of recorded positions, nothing more.
Every member's vote
369 members, by last name.
From the official record of each vote. A member who left office keeps their recorded position; their page shows the years they served.
Money
Lobbying reports for this bill haven't been searched yet. They're searched for every bill with a final-passage vote.
History
- Jun 5, 2023U.S. House: On Motion to Suspend the Rules and Pass, as Amended · Passed ↗
Recorded votes on this bill and the final action, as their sources record them. Committee and other steps without a recorded vote aren't listed; the official page has every action.
Final action
Not checked yet. The President's action on a bill appears here after the data sync looks it up.
From Congress.gov's record of the bill's actions.
Full text
Official summary (Congressional Research Service)
Encouraging Public Offerings Act of 2023 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 a confidential draft registration statement to the Securities and Exchange Commission (SEC) for review prior to public filing or within one year after the initial public offering or registration (i.e., a follow-on offering ). If the SEC pursues further rulemaking to related to these provisions, the SEC must submit a report to Congress supporting the basis of the rulemaking.
Source ↗