House Bill 3903
115th Congress(2017-2018)
Encouraging Public Offerings Act of 2017
Active
Passed House on Nov 1, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3903
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Ted Budd
grade
North Carolina
New York
checkPassed on November 1, 2017
Question
On Motion to Suspend the Rules and Pass, as Amended
Status
Passed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Roll Call Type
2/3 Yea-And-Nay
Roll Number
599
House Roll Call Votes
Yes
Alabama
Alabama
Yes
Alabama
Alabama
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Alabama
Alabama
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Alabama
Alabama
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Alabama
Alabama
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Alabama
Alabama
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Alabama
Alabama
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Alaska
Alaska
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Arizona
Arizona
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Arizona
Arizona
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Arizona
Arizona
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Arizona
Arizona
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Arizona
Arizona
Didn't Vote
Arizona
Arizona
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Arizona
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Arizona
Arizona
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Arizona
Arizona
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Arkansas
Arkansas
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Arkansas
Arkansas
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Arkansas
Arkansas
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Arkansas
Arkansas
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California
California
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California
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California
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Colorado
Colorado
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Colorado
Colorado
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Colorado
Colorado
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Colorado
Colorado
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Colorado
Colorado
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Colorado
Colorado
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Colorado
Colorado
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Connecticut
Connecticut
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Connecticut
Connecticut
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Connecticut
Connecticut
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Connecticut
Connecticut
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Connecticut
Connecticut
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Delaware
Delaware
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Florida
Florida
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Florida
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Florida
Florida
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Florida
Florida
Didn't Vote
Florida
Florida
Yes
Florida
Florida
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Florida
Florida
Yes
Georgia
Georgia
Yes
Georgia
Georgia
Yes
Georgia
Georgia
Yes
Georgia
Georgia
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Georgia
Georgia
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Georgia
Georgia
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Georgia
Georgia
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Georgia
Georgia
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Georgia
Georgia
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Georgia
Georgia
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Georgia
Georgia
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Georgia
Georgia
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Georgia
Georgia
Yes
Georgia
Georgia
Yes
Hawaii
Hawaii
Yes
Hawaii
Hawaii
Yes
Idaho
Idaho
Yes
Idaho
Idaho
Yes
Illinois
Illinois
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Illinois
Illinois
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Illinois
Illinois
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Illinois
Illinois
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Illinois
Illinois
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Illinois
Illinois
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Illinois
Illinois
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Illinois
Illinois
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Illinois
Illinois
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Illinois
Illinois
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Illinois
Illinois
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Illinois
Illinois
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Illinois
Illinois
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Illinois
Illinois
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Illinois
Illinois
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Illinois
Illinois
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Illinois
Illinois
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Illinois
Illinois
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Indiana
Indiana
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Indiana
Indiana
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Indiana
Indiana
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Indiana
Indiana
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Indiana
Indiana
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Indiana
Indiana
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Indiana
Indiana
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Indiana
Indiana
Yes
Indiana
Indiana
Yes
Iowa
Iowa
Yes
Iowa
Iowa
Yes
Iowa
Iowa
Yes
Iowa
Iowa
Yes
Kansas
Kansas
Yes
Kansas
Kansas
Yes
Kansas
Kansas
Yes
Kansas
Kansas
Yes
Kentucky
Kentucky
Yes
Kentucky
Kentucky
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Kentucky
Kentucky
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Kentucky
Kentucky
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Kentucky
Kentucky
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Kentucky
Kentucky
Yes
Louisiana
Louisiana
Yes
Louisiana
Louisiana
Yes
Louisiana
Louisiana
Yes
Louisiana
Louisiana
Yes
Louisiana
Louisiana
Didn't Vote
Louisiana
Louisiana
Yes
Maine
Maine
Yes
Maine
Maine
Yes
Maryland
Maryland
Yes
Maryland
Maryland
Yes
Maryland
Maryland
Didn't Vote
Maryland
Maryland
Yes
Maryland
Maryland
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Maryland
Maryland
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Maryland
Maryland
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Maryland
Maryland
Yes
Massachusetts
Massachusetts
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Massachusetts
Massachusetts
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Massachusetts
Massachusetts
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Massachusetts
Massachusetts
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Massachusetts
Massachusetts
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Massachusetts
Massachusetts
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Massachusetts
Massachusetts
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Massachusetts
Massachusetts
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Massachusetts
Massachusetts
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Michigan
Michigan
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Michigan
Michigan
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Michigan
Michigan
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Michigan
Michigan
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Michigan
Michigan
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Michigan
Michigan
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Michigan
Michigan
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Michigan
Michigan
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Michigan
Michigan
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Michigan
Michigan
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Michigan
Michigan
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Michigan
Michigan
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Michigan
Michigan
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Michigan
Michigan
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Minnesota
Minnesota
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Minnesota
Minnesota
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Minnesota
Minnesota
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Minnesota
Minnesota
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Minnesota
Minnesota
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Minnesota
Minnesota
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Minnesota
Minnesota
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Minnesota
Minnesota
Yes
Mississippi
Mississippi
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Mississippi
Mississippi
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Mississippi
Mississippi
Yes
Mississippi
Mississippi
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Missouri
Missouri
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Missouri
Missouri
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Missouri
Missouri
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Missouri
Missouri
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Missouri
Missouri
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Missouri
Missouri
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Missouri
Missouri
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Missouri
Missouri
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Montana
Montana
Didn't Vote
Nebraska
Nebraska
Yes
Nebraska
Nebraska
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Nebraska
Nebraska
Yes
Nevada
Nevada
Yes
Nevada
Nevada
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Nevada
Nevada
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Nevada
Nevada
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New Hampshire
New Hampshire
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New Hampshire
New Hampshire
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New Jersey
New Jersey
Yes
New Jersey
New Jersey
Yes
New Jersey
New Jersey
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New Jersey
New Jersey
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New Jersey
New Jersey
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New Jersey
New Jersey
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New Jersey
New Jersey
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New Jersey
New Jersey
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New Jersey
New Jersey
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New Jersey
New Jersey
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New Jersey
New Jersey
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New Jersey
New Jersey
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New Mexico
New Mexico
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New Mexico
New Mexico
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New Mexico
New Mexico
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New York
New York
Yes
New York
New York
Yes
New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
Yes
New York
New York
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North Carolina
North Carolina
Yes
North Carolina
North Carolina
Yes
North Carolina
North Carolina
Yes
North Carolina
North Carolina
Yes
North Carolina
North Carolina
Yes
North Carolina
North Carolina
Yes
North Carolina
North Carolina
Yes
North Carolina
North Carolina
Yes
North Carolina
North Carolina
Yes
North Carolina
North Carolina
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North Carolina
North Carolina
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North Carolina
North Carolina
Yes
North Carolina
North Carolina
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North Dakota
North Dakota
Yes
Ohio
Ohio
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Ohio
Ohio
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Ohio
Ohio
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Ohio
Ohio
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Ohio
Ohio
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Ohio
Ohio
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Ohio
Ohio
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Ohio
Ohio
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Ohio
Ohio
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Ohio
Ohio
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Ohio
Ohio
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Ohio
Ohio
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Ohio
Ohio
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Ohio
Ohio
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Ohio
Ohio
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Ohio
Ohio
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Oklahoma
Oklahoma
Didn't Vote
Oklahoma
Oklahoma
Yes
Oklahoma
Oklahoma
Yes
Oklahoma
Oklahoma
Yes
Oklahoma
Oklahoma
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Oregon
Oregon
Yes
Oregon
Oregon
Yes
Oregon
Oregon
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Oregon
Oregon
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Oregon
Oregon
Yes
Pennsylvania
Pennsylvania
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Pennsylvania
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Pennsylvania
Pennsylvania
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Pennsylvania
Pennsylvania
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Pennsylvania
Pennsylvania
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Rhode Island
Rhode Island
Yes
Rhode Island
Rhode Island
Yes
South Carolina
South Carolina
Yes
South Carolina
South Carolina
Yes
South Carolina
South Carolina
Yes
South Carolina
South Carolina
Yes
South Carolina
South Carolina
Yes
South Carolina
South Carolina
Yes
South Carolina
South Carolina
Yes
South Dakota
South Dakota
Yes
Tennessee
Tennessee
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Tennessee
Tennessee
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Tennessee
Tennessee
Yes
Tennessee
Tennessee
Yes
Tennessee
Tennessee
Yes
Tennessee
Tennessee
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Tennessee
Tennessee
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Tennessee
Tennessee
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Tennessee
Tennessee
Yes
Texas
Texas
Yes
Texas
Texas
Yes
Texas
Texas
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Texas
Texas
Yes
Texas
Texas
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Texas
Texas
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Texas
Texas
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Texas
Texas
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Texas
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Texas
Texas
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Texas
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Texas
Texas
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Texas
Texas
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Texas
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Texas
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Texas
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Texas
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Texas
Texas
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Texas
Texas
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Texas
Texas
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Texas
Texas
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Texas
Texas
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Texas
Texas
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Texas
Texas
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Texas
Texas
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Texas
Texas
Yes
Texas
Texas
Yes
Texas
Texas
Yes
Texas
Texas
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Utah
Utah
Yes
Utah
Utah
Yes
Utah
Utah
Yes
Vermont
Vermont
Yes
Virginia
Virginia
Yes
Virginia
Virginia
Yes
Virginia
Virginia
Yes
Virginia
Virginia
Yes
Virginia
Virginia
Yes
Virginia
Virginia
Yes
Virginia
Virginia
Yes
Virginia
Virginia
Yes
Virginia
Virginia
Yes
Virginia
Virginia
Yes
Virginia
Virginia
Yes
Washington
Washington
Yes
Washington
Washington
Yes
Washington
Washington
Yes
Washington
Washington
Yes
Washington
Washington
Yes
Washington
Washington
Yes
Washington
Washington
Yes
Washington
Washington
Yes
Washington
Washington
Yes
Washington
Washington
Yes
West Virginia
West Virginia
Yes
West Virginia
West Virginia
Yes
West Virginia
West Virginia
Yes
Wisconsin
Wisconsin
Didn't Vote
Wisconsin
Wisconsin
Yes
Wisconsin
Wisconsin
Didn't Vote
Wisconsin
Wisconsin
Yes
Wisconsin
Wisconsin
Yes
Wisconsin
Wisconsin
Yes
Wisconsin
Wisconsin
Yes
Wyoming
Wyoming
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.
November 2, 2017
November 1, 2017
October 31, 2017
October 2, 2017
Sort by most recent
11/02/2017
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
11/01/2017
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.
11/01/2017
Motion to reconsider laid on the table Agreed to without objection.
11/01/2017
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)
11/01/2017
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)
11/01/2017
Considered as unfinished business. (consideration: CR H8361-8362)
11/01/2017
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.
11/01/2017
DEBATE - The House proceeded with forty minutes of debate on H.R. 3903.
11/01/2017
Considered under suspension of the rules. (consideration: CR H8318-8320)
11/01/2017
Mr. Huizenga moved to suspend the rules and pass the bill, as amended.
10/31/2017
Placed on the Union Calendar, Calendar No. 274.
10/31/2017
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-374.
10/12/2017
Ordered to be Reported (Amended) by the Yeas and Nays: 60 - 0.
10/12/2017
Committee Consideration and Mark-up Session Held.
10/11/2017
Committee Consideration and Mark-up Session Held.
10/02/2017
Referred to the House Committee on Financial Services.
10/02/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:38:10 PM