H.R. 4430 Passed the House Finance and Financial Sector

Expanding WKSI Eligibility Act

To lower the aggregate market value of voting and non-voting common equity necessary for an issuer to qualify as a well-known seasoned issuer.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Steil, Bryan [R-WI-1] Introduced July 16, 2025 Cosponsors 3 (2 D, 1 R) Latest action December 2, 2025

Summary

This bill reduces the required aggregate market value of voting and non-voting common equity shares for an issuer of securities to qualify as a well-known seasoned issuer. A well-known seasoned issuer is allowed to make expedited public offerings of securities through automatic shelf registrations.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Dec 2, 2025 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Dec 1, 2025 Motion to reconsider laid on the table Agreed to without objection.
  3. Dec 1, 2025 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4952)
  4. Dec 1, 2025 DEBATE - The House proceeded with forty minutes of debate on H.R. 4430.
  5. Dec 1, 2025 Considered under suspension of the rules. (consideration: CR H4952-4953)
  6. Dec 1, 2025 Mr. Davidson moved to suspend the rules and pass the bill, as amended.
  7. Sep 8, 2025 Placed on the Union Calendar, Calendar No. 204.
  8. Sep 8, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-247.
  9. Jul 22, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 2.
  10. Jul 22, 2025 Committee Consideration and Mark-up Session Held
  11. Jul 16, 2025 Referred to the House Committee on Financial Services.
  12. Jul 16, 2025 Introduced in House

Congressional and federal records come from official public sources: the House Clerk, the U.S. Senate, GovInfo and the Library of Congress (bill status), the Federal Register, and the congress-legislators project. They are copied on a schedule and may lag the official record by a few hours; the official sources govern. News and coverage counts are drawn from the 4Search index and reflect what the press published, not 4Search's views. Nothing here is an endorsement of any candidate, party or position. Terms of use.