S3749Referred to Committee

Expanding WKSI Eligibility Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-01-29
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

David McCormick
David McCormick
Republican · PA · Senator
Votes with party: 35.2% (315 recorded votes)

Full profile: /officials/M001243

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

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

2026-01-29

Source: Congress.gov

Plain-English Summary

This bill would expand who qualifies for WKSI (Well-Known Seasoned Issuer) status, a Securities and Exchange Commission designation that allows certain companies to raise money through securities offerings with fewer regulatory requirements and faster approval times. By broadening eligibility for this status, the bill aims to make it easier for more businesses to access capital markets and conduct public offerings more efficiently. The change would primarily affect mid-sized and smaller companies seeking to raise funds through stock or bond sales.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Finance and Financial Sector
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