Lets all companies test investor interest before going public

Lets any company selling stock to the public talk with possible investors early and hand regulators a private draft of its paperwork, steps now limited to a defined group of newer companies.

• Companies could talk with potential investors before or after filing registration papers
• Companies could give the Securities and Exchange Commission a private draft registration statement
• The private review covers first-time public offerings, first registrations and follow-on offerings

Passed the House · Senate's turn

Read the full bill