HR-3903 : Still Just a Bill

Encouraging Public Offerings Act of 2017

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.

Action Timeline

Action DateTypeTextSource
2017-11-02IntroReferralReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Senate
2017-11-01FloorThe Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 3903.House floor actions
2017-11-01FloorMotion to reconsider laid on the table Agreed to without objection.House floor actions
2017-11-01VoteOn motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 419 - 0 (Roll no. 599). (text: CR H8318)House floor actions
2017-11-01FloorConsidered as unfinished business. (consideration: CR H8361-8362)House floor actions
2017-11-01FloorAt 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.House floor actions
2017-11-01FloorDEBATE - The House proceeded with forty minutes of debate on H.R. 3903.House floor actions
2017-11-01FloorConsidered under suspension of the rules. (consideration: CR H8318-8320)House floor actions
2017-11-01FloorMr. Huizenga moved to suspend the rules and pass the bill, as amended.House floor actions
2017-10-31CalendarsPlaced on the Union Calendar, Calendar No. 274.House floor actions
2017-10-31CommitteeReported (Amended) by the Committee on Financial Services. H. Rept. 115-374.House floor actions
2017-10-12CommitteeOrdered to be Reported (Amended) by the Yeas and Nays: 60 - 0.House committee actions
2017-10-12CommitteeCommittee Consideration and Mark-up Session Held.House committee actions
2017-10-11CommitteeCommittee Consideration and Mark-up Session Held.House committee actions
2017-10-02IntroReferralReferred to the House Committee on Financial Services.House floor actions
2017-10-02IntroReferralIntroduced in HouseLibrary of Congress

Policy Area :

Finance and Financial Sector
See Subjects
  • Financial services and investments
  • Government information and archives
  • Securities

Related Bills

See Related Bills