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H.R. 3903: Encouraging Public Offerings Act of 2017

About the bill

Source: Republican Policy Committee

H.R. 3903 expands certain provisions of Title I of the JOBS Act, which previously only applied to Emerging Growth Companies, to apply to all public companies. Specifically, the legislation allows issuers to submit to the SEC for confidential review before publicly filing draft registration statements for Initial Public Offerings and for follow-on offerings within one year of an IPO. Additionally, the bill allows all companies to meet with qualified institutional buyers and other institutional accredited investors prior to an offering to gauge those investors’ interest in the offering.

The ...

Sponsor and status

Ted Budd

Sponsor. Representative for North Carolina's 13th congressional district. Republican.

Read Text »
Last Updated: Nov 2, 2017
Length: 5 pages
Introduced:

Oct 2, 2017

Status:

Passed House (Senate next) on Nov 1, 2017

This bill passed in the House on November 1, 2017 and goes to the Senate next for consideration.

Prognosis:

30% chance of being enacted according to Skopos Labs (details)

History

Oct 2, 2017
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Oct 11, 2017
 
Considered by House Committee on Financial Services

A committee held a hearing or business meeting about the bill.

Oct 12, 2017
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Oct 27, 2017
 
On House Schedule

The House indicated that this bill would be considered in the week ahead.

Oct 31, 2017
 
Reported by House Committee on Financial Services

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

Nov 1, 2017
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

Pending
 
Passed Senate

Pending
 
Signed by the President

H.R. 3903 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

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“H.R. 3903 — 115th Congress: Encouraging Public Offerings Act of 2017.” www.GovTrack.us. 2017. December 11, 2017 <https://www.govtrack.us/congress/bills/115/hr3903>

Where is this information from?

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