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Congress·In Committee·S. 3749

Expanding WKSI Eligibility Act

Business: Easier Access to Stock Market Rules for Mid-Sized Companies

2 months ago·View on Congress.gov·Read full text
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Superseded

The companion bill in the other chamber is advancing instead.

→View advancing bill: Lowers size needed for faster stock and bond sales by public companies

Legislative Progress

Senate
House
President
Law

Key Points

  • This bill, introduced by Senator McCormick, makes it easier for mid-sized companies to qualify as "well-known seasoned issuers." This special status allows companies to sell stocks and bonds to the public much faster and with less paperwork.
  • Currently, a company usually needs $700 million in stock held by public investors to get this status. This bill would lower that requirement to $400 million, allowing more companies to skip certain waiting periods when they want to raise money from the public.
  • By reaching this status, companies can use a process that lets them keep a plan to sell stocks on file and use it whenever they need cash, rather than waiting for the Securities and Exchange Commission (SEC) to review every single sale.
  • The bill also requires the SEC to publish a yearly report on how many companies tried and failed to get special permission to use these rules. This helps the public see how many companies are struggling to meet the requirements for these privileges.
  • This change is intended to help mid-sized businesses grow by giving them the same flexible tools to raise money that only the largest corporations currently enjoy.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions
Jan 29, 2026Senate

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Jan 29, 2026

Introduced in Senate

The bill was officially filed and given a number. It now enters the legislative queue.

Votes

No votes have been recorded for this legislation yet.

News

No related news coverage found for this legislation yet.

Related Bills

1 bill
H.R. 4430Identical bill

Expanding WKSI Eligibility Act

Dec 2 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Source Information

Document Type

Congressional Bill

Official Title

Expanding WKSI Eligibility Act

Bill NumberS 3749
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Read Full Bill Text

Sponsor

Cosponsors

(1)
D: 1

Analysis generated by AI. Always verify with official sources.