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A bill to amend the Securities Act of 1933 to expand the ability to use testing the waters and confidential draft registration submissions, and for other purposes.

USA115th CongressS-2347| Senate 
| Updated: 6/26/2018
Thomas Tillis

Thomas Tillis

Republican Senator

North Carolina

Cosponsors (1)
Chris Van Hollen (Democratic)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Encouraging Public Offerings Act of 2018 This bill amends the Securities Act of 1933 to allow 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.
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Timeline
Jan 25, 2018
Introduced in Senate
Jan 25, 2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 26, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-354.
  • January 25, 2018
    Introduced in Senate


  • January 25, 2018
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • June 26, 2018
    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-354.

Finance and Financial Sector

Related Bills

  • HR 115-3903: Encouraging Public Offerings Act of 2017
  • HR 115-6147: Interior, Environment, Financial Services and General Government, Agriculture, Rural Development, Food and Drug Administration, and Transportation, Housing and Urban Development Appropriations Act, 2019
Financial services and investmentsGovernment information and archivesSecurities

A bill to amend the Securities Act of 1933 to expand the ability to use testing the waters and confidential draft registration submissions, and for other purposes.

USA115th CongressS-2347| Senate 
| Updated: 6/26/2018
Encouraging Public Offerings Act of 2018 This bill amends the Securities Act of 1933 to allow 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 25, 2018
Introduced in Senate
Jan 25, 2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 26, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-354.
  • January 25, 2018
    Introduced in Senate


  • January 25, 2018
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • June 26, 2018
    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-354.
Thomas Tillis

Thomas Tillis

Republican Senator

North Carolina

Cosponsors (1)
Chris Van Hollen (Democratic)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 115-3903: Encouraging Public Offerings Act of 2017
  • HR 115-6147: Interior, Environment, Financial Services and General Government, Agriculture, Rural Development, Food and Drug Administration, and Transportation, Housing and Urban Development Appropriations Act, 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Financial services and investmentsGovernment information and archivesSecurities