H.R. 3903Encouraging Public Offerings Act of 2017

1 recorded action150 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: Ted Budd [R-NC-13]
Cosponsors: 1 · 1 Democrat
Policy area: Finance and Financial Sector
Committees: Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Latest action: Nov 2, 2017 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

IntroducedOct 2, 2017
Passed the HouseNov 1, 2017
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS summary

Encouraging Public Offerings Act of 2017

(Sec. 2) 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.

Written by the nonpartisan Congressional Research Service, describing H.R. 3903 as passed House amended on Nov 1, 2017. It is not the text of the measure; a later amendment may have changed what it does.

How every member votedHouse roll call 599

House Nov 1, 2017

On Motion to Suspend the Rules and Pass, as Amended

Encouraging Public Offerings Act

Passed · Two-thirds required

419 Yea 0 Nay 13 not voting

Crossed both parties No voting member broke with their own party.

Open the official roll call

How the chamber split

One dot per member. Select a seat or a bar to filter the list.

DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

By party select a segment to filter

All members432 members

Democratic194 members

Republican238 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

Cosponsors1 · 1 Democrat

Signing on is not a vote: a member can cosponsor H.R. 3903 and vote against it. 1 signed when it was filed.

DGregory W. Meeks [D-NY-05]Original2026 profile

Who lobbied on H.R. 39033 organizations

Organizations that named H.R. 3903 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.

NASDAQ INCfiled by PORTERFIELD, FETTIG & SEARS, LLC, NASDAQ, INC.Its PAC: Nasdaq, Inc. PAC

Financial Institutions/Investments/Securities6 filings · 4th Quarter (Oct 1 - Dec 31) 2018Filing

SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATIONIts PAC: Securities Industry & Financial Markets Association PAC

Financial Institutions/Investments/Securities · Banking · Commodities (big ticket) · Taxation/Internal Revenue Code +1 more5 filings · 3rd Quarter (July 1 - Sep 30) 2018Filing

CHAMBER OF COMMERCE OF THE U.S.A.

Labor Issues/Antitrust/Workplace · Food Industry (safety, labeling, etc.) · Health Issues · Immigration +32 more2 filings · 1st Quarter (Jan 1 - Mar 31) 2018Filing

13 disclosures name this measure. Retrieved from LDA.gov on 2026-10-05. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.