Expanding WKSI Eligibility Act
United States119th CongressHR-4430House of Representatives
Updated: Dec 2, 2025
Summary
The "Expanding WKSI Eligibility Act" significantly revises the criteria for an issuer to be designated as a well-known seasoned issuer (WKSI) under federal securities laws. It specifically lowers the required aggregate market value of voting and non-voting common equity held by non-affiliates from the current $700,000,000 to $400,000,000 , making more companies eligible for this status. This change is intended to streamline capital-raising processes for a broader range of issuers by allowing them to benefit from the regulatory flexibilities afforded to WKSIs. Furthermore, the legislation mandates that the Securities and Exchange Commission (SEC) publish an annual report detailing the total number of applications submitted and subsequently withdrawn by entities seeking a determination to meet the WKSI definition.
Bill texts
Timeline
Latest companion bill action
S-3749: Expanding WKSI Eligibility ActRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4952)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4952)
House of Representatives
Motion to reconsider laid on the table Agreed to without objection.
House of Representatives
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Senate