Bills · HR 4430
PASSED HOUSE· 119TH CONGRESS
House BillHR 4430SecuritiesBusiness investment and capital
Expanding WKSI Eligibility Act
INTRO JUL 16· LAST ACTION DEC 2
READING
2MIN
COSPONSORS
3BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- One chamber only
LEGISLATIVE PROGRESS
STEP 4 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it could make it significantly easier and cheaper for a wider range of companies to raise money from investors. When a company is a Well-Known Seasoned Issuer (WKSI), it can quickly and flexibly offer new stocks or bonds to the public without as much upfront regulatory review from the SEC. This means they can seize market opportunities faster, potentially fund growth, innovation, or job creation more efficiently.
If this bill becomes law, more companies will gain this advantage, potentially boosting economic activity and competition. If it doesn't pass, only larger companies will retain the full benefits of WKSI status, and smaller, but still substantial, companies will continue to face more time-consuming and costly processes when seeking to raise capital through public markets.
KEY PROVISIONS
3AI-extractedPROVISION 01
Lowers the market value threshold for Well-Known Seasoned Issuer (WKSI) status from $700 million to $400 million.
This provision expands the number of companies eligible for streamlined capital raising processes, making it easier for them to access public markets.
PROVISION 02
Removes the specific requirement in the WKSI definition related to a minimum 'worldwide market value' of common equity held by non-affiliates, replacing it with the new $400 million threshold.
This clarifies and simplifies the equity market value criterion for WKSI eligibility, focusing on the new, lower domestic standard.
PROVISION 03
Requires the Securities and Exchange Commission (SEC) to publish an annual report on withdrawn applications for 'ineligible issuer' determinations related to WKSI status.
This provision provides transparency into potential roadblocks companies face when trying to qualify for WKSI status, which could inform future policy changes.
SPONSORSHIP
1 + 3
R· Wisconsin
YRS IN OFFICE
7
BILLS LED
35
COSPONSOR BREAKDOWNBIPARTISAN · 66%
DEM 2 REP 1 IND 0
ACTION TIMELINE
13 EVENTSDEC 2
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
DEC 1
Mr. Davidson moved to suspend the rules and pass the bill, as amended.
DEC 1
Considered under suspension of the rules. (consideration: CR H4952-4953)
DEC 1
DEBATE - The House proceeded with forty minutes of debate on H.R. 4430.
BILL INFO
TypeHouse Bill
NumberHR 4430
Congress119th
StatusPassed House
IntroducedJul 16, 2025
Last actionDec 2, 2025
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PASSED HOUSE· 119TH CONGRESS · FINANCIAL SERVICES COMMITTEE · INTRODUCED JUL 16, 2025
House BillHR 4430SecuritiesBusiness investment and capital
Expanding WKSI Eligibility Act
INTRODUCED JUL 16, 2025· LAST ACTION DEC 2, 2025
PASSAGE CHANCES
—%
READING
2 min
COSPONSORS
3
COMPLEXITY
Moderate
