Bill > S3749

This bill, titled the "Expanding WKSI Eligibility Act," proposes to lower the threshold for companies to be considered a "well-known seasoned issuer" (WKSI). A WKSI is a company that meets certain criteria, including having a significant market value of its publicly traded stock, which allows them to use a simplified registration process for new securities offerings. Currently, a company needs to have an aggregate market value of at least $700 million in voting and non-voting common equity held by non-affiliates to qualify. This bill would reduce that requirement to $400 million. The bill also directs the Securities and Exchange Commission (SEC) to report annually on the number of companies that apply for WKSI status but withdraw their applications, which could indicate issues with the current WKSI definition or application process.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/3749/all-info