Expanding WKSI Eligibility Act
Latest action · Dec 2, 2025 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.
- IntroducedJul 16, 2025
- Passed HouseDec 1, 2025
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
This bill reduces the required aggregate market value of voting and non-voting common equity shares for an issuer of securities to qualify as a well-known seasoned issuer. A well-known seasoned issuer is allowed to make expedited public offerings of securities through automatic shelf registrations.
Cosponsors 3
Members who signed on, in the order they did. Signatures ran from Jul 21, 2025 to Jul 25, 2025.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-LA | Cleo Fields | Jul 21, 2025 | |
| R-PA | Daniel Meuser | Jul 21, 2025 | |
| D-CT | James A. Himes | Jul 25, 2025 |
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 Jul 16, 2025Markup Jul 22, 2025Reported Sep 8, 2025 |
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Dec 2, 2025 |
Actions 12
Everything that happened, newest first.
- Dec 2, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Dec 1, 2025Mr. Davidson moved to suspend the rules and pass the bill, as amended.
- Dec 1, 2025Considered under suspension of the rules. (consideration: CR H4952-4953)
- Dec 1, 2025DEBATE - The House proceeded with forty minutes of debate on H.R. 4430.
- Dec 1, 2025Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4952)
- Dec 1, 2025Motion to reconsider laid on the table Agreed to without objection.
- Sep 8, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-247.
- Sep 8, 2025Placed on the Union Calendar, Calendar No. 204.
- Jul 22, 2025Committee Consideration and Mark-up Session Held
- Jul 22, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 2.
- Jul 16, 2025Introduced in House
- Jul 16, 2025Referred to the House Committee on Financial Services.
In the Congressional Record 1
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 H4952, H4953Text printed H4952Cost estimates H4953 | Bryan Steil R-WI, Maxine Waters D-CA, Warren Davidson R-OH | Dec 1, 2025 |
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
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 171, no. 122, July 16, 2025, page H3368.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R48885 | The Incentivizing New Ventures and Economic Strength Through Capital Formation (INVEST) Act of 2025 (H.R. 3383) | Report | Mar 24, 2026 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 3749 | Expanding WKSI Eligibility Act | Identical bill | Jan 29, 2026 |
Titles 7
Every title it has carried, official and short, at each stage.
- Title
- Expanding WKSI Eligibility Act
- To lower the aggregate market value of voting and non-voting common equity necessary for an issuer to qualify as a well-known seasoned issuer.
- Official Title as Introduced
- To lower the aggregate market value of voting and non-voting common equity necessary for an issuer to qualify as a well-known seasoned issuer.
- Short Title(s) as Reported to House
- Expanding WKSI Eligibility Act
- Short Title(s) as Passed House
- Expanding WKSI Eligibility Act
- Short Titles from RFS (Referred to Senate) bill text
- Expanding WKSI Eligibility Act
- Official Title from EH (Engrossed in House) bill text
- To lower the aggregate market value of voting and non-voting common equity necessary for an issuer to qualify as a well-known seasoned issuer.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 4
Each version as it was printed, newest first.
- Dec 2, 2025Referred in Senate
- Dec 1, 2025Engrossed in House
- Sep 8, 2025Reported in House
- Jul 16, 2025Introduced 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.
