Bills · 118th Congress · Finance and Financial Sector

Encouraging Public Offerings Act of 2023

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Roll calls on this bill

Votes on passage
HouseOn Motion to Suspend the Rules and Pass, as Amended · 6/5/23Suspension of the rulesA fast-track House procedure, usually for measures expected to have broad support. Debate is limited to 40 minutes, no amendments can be offered, and it needs a two-thirds vote of members voting — not a simple majority. A yes vote passes the bill. “As amended” means changes written into the motion itself are included.Rules of the House, Rule XV, clause 1 ↗
Passed
  • Democratic185 Yea · 13 Nay · 14 Not voting
  • Republican199 Yea · 0 Nay · 22 Not voting
  • Independent / Other0 Yea · 0 Nay · 0 Not voting
Official summary (CRS)

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).

Full text on congress.gov ↗
Sponsor
Rep. Ann Wagner ( Republican · MO-2)
Cosponsors
4
Introduced
4/20/23
Policy area
Finance and Financial Sector
Status
4/20/23Referred to the House Committee on Financial Services.
4/20/23Introduced in House
4/26/23Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 38 - 1.
4/26/23Committee Consideration and Mark-up Session Held.
6/5/23Motion to reconsider laid on the table Agreed to without objection.
6/5/23On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 384 - 13 (Roll no. 245). (text: CR H2727-2728)
6/5/23Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 384 - 13 (Roll no. 245). (text: CR H2727-2728)
6/5/23Considered as unfinished business. (consideration: CR H2731)
6/5/23At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
6/5/23DEBATE - The House proceeded with forty minutes of debate on H.R. 2793.
6/5/23Considered under suspension of the rules. (consideration: CR H2727-2729)
6/5/23Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
6/5/23Placed on the Union Calendar, Calendar No. 67.
6/5/23Reported (Amended) by the Committee on Financial Services. H. Rept. 118-90.
6/6/23Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.