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Expanding WKSI Eligibility Act: Easier Capital Access for Smaller Companies

This bill lowers the financial threshold for companies to qualify as 'well-known seasoned issuers,' allowing them to raise capital more efficiently. For citizens, this could lead to more investment opportunities and faster growth for mid-sized public companies.
Key points
Lowers the required market value of shares held by the public to $400 million to qualify for special status.
Removes certain worldwide market value requirements to simplify the qualification process for companies.
Requires the SEC to report annually on companies that withdraw their applications for this status.
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Status: Introduced
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Additional Information
Print number: 119_S_3749
Sponsor: Sen. McCormick, David [R-PA]
Process start date: 2026-01-29
System Note: Lustra is free, publicly auditable civic infrastructure — 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-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Expanding WKSI Eligibility Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_3749.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2026-01-29.

What are the main provisions?

Key points include:

  • Lowers the required market value of shares held by the public to $400 million to qualify for special status.
  • Removes certain worldwide market value requirements to simplify the qualification process for companies.
  • Requires the SEC to report annually on companies that withdraw their applications for this status.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. McCormick, David [R-PA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-02-20.

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