<?xml version="1.0" encoding="UTF-8"?><BillSummaries>
    <item congress="119" measure-type="hr" measure-number="3381" measure-id="id119hr3381" originChamber="HOUSE" orig-publish-date="2025-05-14" update-date="2025-06-23">
        <title>Encouraging Public Offerings Act of 2025</title>
        <summary summary-id="id119hr3381v00" currentChamber="HOUSE" update-date="2025-06-23">
            <action-date>2025-05-14</action-date>
            <action-desc>Introduced in House</action-desc>
            <summary-text><![CDATA[<p><strong>Encouraging Public Offerings Act of 2025</strong></p><p>This bill provides statutory authority for all issuers of securities to use certain offering procedures that are available to emerging growth companies.</p><p>Specifically, the bill allows under statute issuers of securities to communicate with potential investors to ascertain interest in a contemplated securities offering, either before or after the filing of a registration statement (i.e., <em>test the waters</em>).</p><p>Additionally, issuers are allowed under statute to submit to the Securities and Exchange Commission, with respect to an initial public offering, initial registration, or follow-on offering, a confidential draft registration statement for review prior to public filing<em></em>.</p>]]></summary-text>
        </summary>
    </item>
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        <dc:language>EN</dc:language>
        <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
        <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
        <dc:description>This file contains bill summaries for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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</BillSummaries>
