Bill > HR4430

This bill lowers the threshold for companies to qualify as a "well-known seasoned issuer" (WKSI), a legal designation in securities law that provides certain companies with more flexible and streamlined registration processes when issuing new securities. Specifically, the bill reduces the aggregate market value requirement for non-affiliate held common equity from its current level to $400 million, making it easier for mid-sized companies to achieve WKSI status. Additionally, the bill removes any existing requirements related to minimum worldwide market value of outstanding equity, further simplifying the qualification process. The legislation also mandates that the Securities and Exchange Commission (SEC) publish an annual report detailing the number of applications for WKSI status that were submitted and then withdrawn, which will provide transparency about companies' attempts to gain this regulatory designation. By expanding WKSI eligibility, the bill aims to reduce administrative barriers for companies seeking to raise capital through securities offerings, potentially making the process more efficient and accessible for a broader range of businesses.

Business and Industry, Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/house-bill/4430/all-info