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Study on Costs for Small and Medium Companies to Go Public

This act mandates a study on the costs incurred by small and medium-sized companies when undertaking initial public offerings (IPOs). The goal is to understand how these costs affect the availability of public securities for everyday investors and overall capital formation. The study's findings could lead to changes that make it easier for companies to raise capital, potentially increasing investment opportunities for citizens.
Key points
Requires a comprehensive study on the direct and indirect costs of IPOs for small and medium-sized companies.
Analyzes the impact of these costs on the availability of public securities for retail investors and on capital formation.
Potential for legislative recommendations to reduce barriers for companies and increase investment opportunities for citizens.
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98%
VOTING RESULTS
2023-06-05
For 390
Against 10
Abstain 0
Full voting results open_in_new
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Status:
Expired
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Additional Information
Print number: 118_HR_2812
Sponsor: Rep. Himes, James A. [D-CT-4]
Process start date: 2023-04-25
Voting date: 2023-06-05
Meeting no: 1
Voting no: 246
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Middle Market IPO Cost Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2812.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-04-25.

What are the main provisions?

Key points include:

  • Requires a comprehensive study on the direct and indirect costs of IPOs for small and medium-sized companies.
  • Analyzes the impact of these costs on the availability of public securities for retail investors and on capital formation.
  • Potential for legislative recommendations to reduce barriers for companies and increase investment opportunities for citizens.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Himes, James A. [D-CT-4].

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 390 - 10 (Roll no. 246). (text: CR H2729)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy