Proposal:Encouraging Public Offerings Act of 2019

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.

Bill	S 536
Type of Legislation	Senate Bill
Congress	116
Source	View original on Congress.gov

Geographic Scope

National

Description

Encouraging Public Offerings Act of 2019

This bill allows 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.

Bill Title

Encouraging Public Offerings Act of 2019

Linked Goals

• Goal:Promote General Welfare

Steps

• 2019-02-25: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
• 2019-02-25: Introduced in Senate

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.