HR 3381

Summary

Encouraging Public Offerings Act of 2025 This bill provides statutory authority for all issuers of securities to use certain offering procedures that are available to emerging growth companies. Specifically, the bill allows under statute issuers 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 ). Additionally, issuers are allowed under statute to submit to the Securities and Exchange Commission, with respect to an initial public offering, initial registration, or follow-on offering, a confidential draft registration statement for review prior to public filing .

Bill status

Status

Passed House

Sponsor

Rep. Ann Wagner [R-MO-2]

Cosponsors

2

Policy area

Finance and Financial Sector

Introduced

2025-05-14

Latest action

2025-06-24: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Committee referrals

• Banking, Housing, and Urban Affairs Committee: Senate · Referred To · 2025-06-24
• Financial Services Committee: House · Reported By · 2025-06-03
• Financial Services Committee: House · Markup By · 2025-05-20
• Financial Services Committee: House · Referred To · 2025-05-14

Recent actions

• 2025-06-24: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
• 2025-06-23: Motion to reconsider laid on the table Agreed to without objection.
• 2025-06-23: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2872-2873)
• 2025-06-23: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2872-2873)
• 2025-06-23: DEBATE - The House proceeded with forty minutes of debate on H.R. 3381.