Encouraging Public Offerings Act of 2025

Sponsored by Rep. Ann Wagner (R-MO) · 2 active : 1 Republican, 1 Democrat

Latest action: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Read the summary

Where it standsPassed House, now in the Senate

Passed House

House: passedJun 23, 2025
Senate: next
President: not yet

14 senators score as swing votes

Summary

, via Congress.gov

Summary on Congress.gov

Encouraging Public Offerings Act of 2025

This bill provides statutory authority for all issuers of securities to use certain offering procedures that are available to emerging growth companies.

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.,

test the waters

Read full summary

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

How the projections held up

Each member’s recorded vote compared with their swing projection from before the vote. A member by voting against most of their own party.

House

Passed by voice vote or unanimous consent: no individual votes recorded.

Committees and subjects

Committees

House Committee on Financial Services · HouseReported by · Markup by · Referred to
Senate Committee on Banking, Housing, and Urban Affairs · SenateReferred to

Subjects

Financial services and investments
Government information and archives
Securities

Senate · 100 House · 433

Model

v3defaultv2

Directional: count only breaks toward the other party Why do scores change?

How the House breaks down

73Swing 70–100
212Middle 30–70
142Entrenched 0–30
6Insufficient data not ranked

Members fall into . 6 representatives don’t have enough data yet and are marked “insufficient data”. Non-voting delegates are not counted. The bill is not before the House right now; these scores show where members would stand.

Key players in the House

Ranked by swing score, 0–100 · swing-v3, directional

: only movement toward the other party counts, so members who sit further from the center than their party no longer score as swing votes.

Bars show each input from 0 to 100: ideology gap, scorecard gap, , and the . is the seat’s partisan lean, and shows how much of the input data a score has.

Similar past votes, House

Earlier behind swing-v3’s input

Similar votes count toward swing-v3 in the House: total similarity weight 27.0 (needs 5.0).

H.R. 3383 · Dec 11, 2025 · Roll call 327On PassageIncreasing Investor Opportunities Act
PassedShared subjects×1.0
H.R. 3383 · Dec 11, 2025 · Roll call 326On Agreeing to the Amendment
FailedShared subjects×1.0
H.R. 3383 · Dec 11, 2025 · Roll call 325On Agreeing to the Amendment
FailedShared subjects×1.0
H.R. 3383 · Dec 11, 2025 · Roll call 324On Agreeing to the Amendment
FailedShared subjects×1.0
H.R. 3357 · Jul 23, 2025 · Roll call 216On Motion to Suspend the Rules and Pass, as AmendedEnhancing Multi-Class Share Disclosures Act
PassedShared subjects×1.0
H.R. 2799 · Mar 8, 2024 · Roll call 796On PassageExpanding Access to Capital Act
PassedShared subjects×1.0
H.R. 2799 · Mar 8, 2024 · Roll call 794On Agreeing to the Amendment
FailedShared subjects×1.0
H.R. 2799 · Mar 8, 2024 · Roll call 793On Agreeing to the Amendment
FailedShared subjects×1.0

Show 17 more

H.R. 2799 · Mar 8, 2024 · Roll call 792On Agreeing to the Amendment
FailedShared subjects×1.0
H.R. 2799 · Mar 8, 2024 · Roll call 791On Agreeing to the Amendment
FailedShared subjects×1.0
H.R. 2799 · Mar 7, 2024 · Roll call 790On Agreeing to the Amendment
FailedShared subjects×1.0
H.R. 2799 · Mar 7, 2024 · Roll call 789On Agreeing to the Amendment
Agreed toShared subjects×1.0

Cosponsors

2 active

Show all 2 cosponsors

Gregory W. Meeks (D-NY-5)
Pete Sessions (R-TX-17)

How the swing score works

Ideology gapHow far a member’s DW-NOMINATE voting score sits from their party’s median in the same chamber.

Scorecard gapHow far their Heritage Action and LCV ratings stray from their party’s average, using the groups’ votes on similar bills where available.

Cross-pressureHow strongly their district or state leans toward the other party, from our own computed partisan lean.

Similar votesHow often they voted against their own party on earlier roll calls about this bill or similar ones.

Committee bonusMembers of the committees handling the bill decide whether it moves, so they get a boost.

Cosponsor checkThe sponsor and active cosponsors have already committed, so they drop toward entrenched.

1
Michael LawlerRepublican · New York 17th · Lean D+1House Committee on Financial ServicesOn the ballot
Ideology gap
Scorecard gap
Cross-pressure
Similar votes
Committee
Broke with party on 9% of 37 similar votes
99Swing
ContactCall 202-225-6506 Website
2
Josh GottheimerDemocrat · New Jersey 5th · Lean D+2House Committee on Financial ServicesOn the ballot
Ideology gap
Scorecard gap
Cross-pressure
Similar votes
Committee
Broke with party on 26% of 36 similar votes
95Swing
ContactCall
3
Jared F. GoldenDemocrat · Maine 2nd · Lean R+4On the ballot
Ideology gap
Scorecard gap
Cross-pressure
Similar votes
CommitteeNo committee seatBroke with party on 27% of 38 similar votes
94Swing
ContactCall 202-225-6306 Website
4
Marie Gluesenkamp PerezDemocrat · Washington 3rd · Lean R+2On the ballot
Ideology gap
Scorecard gap
Cross-pressure
Similar votes
CommitteeNo committee seatBroke with party on 37% of 38 similar votes
93Swing
ContactCall 202-225-3536 Website
5
Brian K. FitzpatrickRepublican · Pennsylvania 1st · Lean D+1On the ballot
Ideology gap
Scorecard gap
Cross-pressure
Similar votes
CommitteeNo committee seatBroke with party on 13% of 38 similar votes
92Swing
ContactCall 202-225-4276 Website
6
Andrew R. GarbarinoRepublican · New York 2nd · Lean R+6House Committee on Financial ServicesOn the ballot
Ideology gap
Scorecard gap
Cross-pressure
Similar votes
Committee
Broke with party on 5% of 37 similar votes
92Swing
ContactCall
7
Henry CuellarDemocrat · Texas 28th · Lean R+2On the ballot
Ideology gap
Scorecard gap
Cross-pressure
Similar votes
CommitteeNo committee seatBroke with party on 37% of 38 similar votes
91Swing
ContactCall 202-225-1640 Website
8
Zachary NunnRepublican · Iowa 3rd · Lean R+2House Committee on Financial ServicesOn the ballot
Ideology gap
Scorecard gap
Cross-pressure
Similar votes
Committee
Broke with party on 4% of 35 similar votes
91Swing
ContactCall
9
Don BaconRepublican · Nebraska 2nd · Lean D+3On the ballot
Ideology gap
Scorecard gap
Cross-pressure
Similar votes
CommitteeNo committee seatBroke with party on 7% of 38 similar votes
91Swing
ContactCall 202-225-4155 Website
10
Thomas H. KeanRepublican · New Jersey 7th · Lean EVENOn the ballot
Ideology gap
Scorecard gap
Cross-pressure
Similar votes
CommitteeNo committee seatBroke with party on 6% of 37 similar votes
90Swing
ContactCall 202-225-5361 Website