United States · Bill · HR
H.R. 3903 (115th)
Encouraging Public Offerings Act of 2017
Introduced
2 October 2017
Last action
2 November 2017 · Introduced
Status
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
Ted Budd, Rep. Meeks, Gregory W. [D-NY-5]
Subjects
Discovery layer
Source updated
5 December 2025
Summary
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.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
2 October 2017
Introduced
Referred to the House Committee on Financial Services.
Source: IntroReferral
2 October 2017
Introduced
Introduced in House
Source: IntroReferral
2 October 2017
Introduced
Introduced in House
Source: IntroReferral
11 October 2017
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
12 October 2017
Vote
Ordered to be Reported (Amended) by the Yeas and Nays: 60 - 0.
Source: Committee
12 October 2017
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
31 October 2017
Calendars
Placed on the Union Calendar, Calendar No. 274.
Source: Calendars
31 October 2017
Reported
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-374.
Source: Committee
31 October 2017
Reported
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-374.
Source: Committee
1 November 2017
Floor
The 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.
Source: Floor
1 November 2017
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
1 November 2017
Vote
On 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)
Source: Floor
1 November 2017
Vote
Passed/agreed to in House: On 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)
Source: Floor
1 November 2017
Floor
Considered under suspension of the rules. (consideration: CR H8318-8320)
Source: Floor
1 November 2017
Vote
At 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.
Source: Floor
1 November 2017
Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 3903.
Source: Floor
1 November 2017
Floor
Mr. Huizenga moved to suspend the rules and pass the bill, as amended.
Source: Floor
2 November 2017
Introduced
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: IntroReferral
Votes
1 November 2017 · passed · On Motion to Suspend the Rules and Pass, as Amended · Passed · Official source
Yes 419 · No 0 · Abstain — · Absent/not voting 13
- A. FergusonYea
- A. McEachinYea
- ALCEE HASTINGSYea
- Adam KinzingerYea
- Sen. Schiff, Adam B. [D-CA]Yea
- Rep. Smith, Adam [D-WA-9]Yea
- Adrian SmithNot Voting
- Adriano EspaillatYea
Showing the first 8 recorded positions. Vote totals above are complete.
Versions
- Referred in Senate · 2 November 2017 · Official file
- Engrossed in House · 1 November 2017 · Official file
- Reported in House · 31 October 2017 · Official file
- Introduced in House · 2 October 2017 · Official file
Documents
11 official files
Referred in Senate (text)
Referred in Senate (text)
Referred in Senate · EN · 2 November 2017
Referred in Senate (PDF)
Referred in Senate · EN · 2 November 2017
Engrossed in House (text)
Engrossed in House · EN · 1 November 2017
Engrossed in House (PDF)
Engrossed in House · EN · 1 November 2017
Passed House amended
summary · EN · 1 November 2017
Reported in House (text)
Reported in House · EN · 31 October 2017
Reported in House (PDF)
Reported in House · EN · 31 October 2017
Reported to House with amendment(s)
summary · EN · 31 October 2017
Introduced in House (text)
Introduced in House · EN · 2 October 2017
Introduced in House (PDF)
Introduced in House · EN · 2 October 2017
Introduced in House
summary · EN · 2 October 2017
Sponsors
Related records
- related to → Financial CHOICE Act of 2017
- related to → Encouraging Employee Ownership Act
- related to ← Encouraging Public Offerings Act of 2018
- related to ← Interior, Environment, Financial Services and General Government, Agriculture, Rural Development, Food and Drug Administration, and Transportation, Housing and Urban Development Appropriations Act, 2019
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/115th-congress/house-bill/3903
- Open data entity: https://api.congress.gov/v3/bill/115/hr/3903
- us · 115-hr-3903 · source updated 5 December 2025