H.R.3623: Improving Access to Capital for Emerging Growth Companies Act

About this Bill

You can read the bill
Sponsor Stephen Fincher, R-Tenn.
Total Cosponsors 1 (All Democrats)
Introduced Nov. 22, 2013
Latest Major Action March 14, 2014
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Improving Access to Capital for Emerging Growth Companies Act - Amends the Securities Act of 1933 (Act) to reduce from 21 to 15 the number of days before a "road show" that an emerging growth company (EGC), before its initial public offering (IPO) date, may publicly file a draft registration statement for confidential nonpublic review by Securities and Exchange Commission (SEC) staff.

(A financial "road show" is an offer [other than a statutory prospectus or a portion of one] that contains a presentation regarding an offering by one or more members of the issuer's management and includes discussion of one or more of the issuer, such management, and the securities being offered. Typically, a road show is a series of meetings across different cities, often before an IPO, in which top executives from a company have the opportunity to talk with current or potential investors.)

Prescribes a grace period during which an issuer that was an EGC at the ti...

(Source: Congressional Research Service)

Bill Actions

Date Description
March 14, 2014 Ordered to be Reported (Amended) by the Yeas and Nays: 56 - 0.
March 14, 2014 Committee Consideration and Mark-up Session Held.
Nov. 22, 2013 Referred to the House Committee on Financial Services.
Oct. 23, 2013 Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction and Referral.