Middle Market IPO Cost Act
Latest action · Jun 6, 2023 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 25, 2023
- Passed HouseJun 5, 2023
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Middle Market IPO Cost Act
This bill requires the Government Accountability Office to study and report on the costs encountered by small- and medium-sized companies when undertaking initial public offerings and certain offerings exempt from securities registration requirements.
Recorded votes 1
Newest first. Open one to see how every member voted.
| Roll call | Question | Result | Date |
|---|---|---|---|
| House 246 | On Motion to Suspend the Rules and Pass, as Amended | Passed390–10 | Jun 5, 2023 |
Cosponsors 1
Members who signed on, in the order they did. All signed on May 31, 2023.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-NY | Michael Lawler | May 31, 2023 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Apr 25, 2023Markup Apr 26, 2023Reported Jun 5, 2023 |
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Jun 6, 2023 |
Actions 14
Everything that happened, newest first.
- Jun 6, 2023Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jun 5, 2023Reported (Amended) by the Committee on Financial Services. H. Rept. 118-91.
- Jun 5, 2023Placed on the Union Calendar, Calendar No. 68.
- Jun 5, 2023Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
- Jun 5, 2023Considered under suspension of the rules. (consideration: CR H2729-2731)
- Jun 5, 2023DEBATE - The House proceeded with forty minutes of debate on H.R. 2812.
- Jun 5, 2023At 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.
- Jun 5, 2023Considered as unfinished business. (consideration: CR H2731-2732)
- Jun 5, 2023Passed/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): 390 - 10 (Roll no. 246). (text: CR H2729)
- Jun 5, 2023Motion to reconsider laid on the table Agreed to without objection.
- Apr 26, 2023Committee Consideration and Mark-up Session Held.
- Apr 26, 2023Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 49 - 0.
- Apr 25, 2023Introduced in House
- Apr 25, 2023Referred to the House Committee on Financial Services.
In the Congressional Record 2
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H976 | Maxine Waters D-CA | Mar 6, 2024 |
| House | Debate and remarks H2729–H2732Text printed H2729Recorded votes H2732enact | Ann Wagner R-MO, Brad Sherman D-CA, James A. Himes D-CT, Sheila Jackson Lee D-TX | Jun 5, 2023 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- May 24, 2023H.R. 2812, Middle Market IPO Underwriting Cost ActAs ordered reported by the House Committee on Financial Services on April 26, 2023
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 169, no. 69, April 25, 2023, page H1948.
Titles 5
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To require the Securities and Exchange Commission to carry out a study of the costs associated with small- and medium-sized companies to undertake initial public offerings.
- Short Title(s) as Introduced
- Middle Market IPO Underwriting Cost Act
- Short Title(s) as Reported to House
- Middle Market IPO Underwriting Cost Act
- Short Title(s) as Passed House
- Middle Market IPO Cost Act
- Short Titles from RFS (Referred to Senate) bill text
- Middle Market IPO Cost Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 4
Each version as it was printed, newest first.
- Jun 6, 2023Referred in Senate
- Jun 5, 2023Engrossed in House
- Jun 5, 2023Reported in House
- Apr 25, 2023Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
