In CommitteeFiled Jun 4, 2026
Sponsor: Sen. Budd, Ted [R-NC] (R)
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 4, 2026
Summary
The bill changes the 1933 Securities Act so any company, not just emerging‑growth firms, can gauge investor interest and submit draft registration statements to the SEC confidentially before going public. It also lets the SEC create additional rules for these activities, but requires the agency to report its findings to Congress before doing so. The aim is to give issuers more flexibility and privacy while they prepare a public offering.
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