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Easier Public Offerings: Confidential Review for Companies.

New rules allow companies to confidentially submit documents before going public, potentially speeding up the process and reducing risk. Citizens might indirectly benefit from more companies being publicly traded and easier access to investment opportunities.
Key points
Companies can now confidentially submit draft registration statements to the Securities and Exchange Commission (SEC) for review.
This applies to both initial public offerings (IPOs) and subsequent stock offerings, potentially encouraging more companies to raise capital publicly.
These confidential submissions must be made public shortly before the offering's effective date, ensuring transparency for investors.
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Additional Information
Print number: 117_HR_9412
Sponsor: Rep. McHenry, Patrick T. [R-NC-10]
Process start date: 2022-12-02