Encouraging Public Offerings Act of 2025
Floor Speech
Mr. Speaker, I rise today in support of H.R. 3381, the Encouraging Public Offerings Act of 2025, sponsored by the chair of the relevant subcommittee, the Capital Markets Subcommittee, that being the gentlewoman from Missouri (Mrs. Wagner). I commend her for her bill and her work in general on these issues.
This bill codifies an SEC rule that allows any issuer to submit a confidential draft of the registration statement for review by the SEC staff. In doing so, it allows companies seeking to access public markets more time to carefully draft their registration statements under SEC's guidance without needing to worry about the contents of their registration statement being made public before they have had a chance to cross all their t's and dot all their i's.
Mrs. Wagner's bill also codifies a 2019 SEC rulemaking that allows any issuer to test the waters before going public, which would allow any issuer to gauge institutional investor interest in their offering without first needing to file a registration statement with the SEC.
Overall, this makes it easier for companies to access our capital markets and to go public.
I urge my colleagues to support this bill. I think it is important that we encourage companies to go public both so that they can get the capital they need to expand their business and so that any person has a chance to invest in these businesses and diversify their own portfolio.
Mr. Speaker, I urge my colleagues to vote ``yes'' on this bill, and I reserve the balance of my time.
I urge my colleagues to vote ``yes'' on H.R. 3381, the Encouraging Public Offerings Act of 2025 sponsored by the chair of our subcommittee, the gentlewoman from Missouri (Mrs. Wagner), which would allow issuers to take advantage of confidential draft registration statements that are currently available only to EGCs. It also makes it easier for companies to have access to capital by giving them the ability to gauge interest from institutional investors without added regulatory requirements of registration.
Mr. Speaker, I ask my colleagues to support this bill, and I yield back the balance of my time.
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