A bill to amend the Securities Act of 1933 to expand the ability to use testing the waters and confidential draft registration submissions, and for other purposes.

Sponsor: Sen. Budd, Ted [R-NC] (R-NC)4 cosponsorsIntroduced Jun 4, 2026

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In plain English

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Where it is in the process

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Introduced

Jun 4

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Senate committee

Jun 4

Senate floor

House

Signed

What happens next: Sits in committee. Needs a markup or favorable report to advance to the Senate floor.

R-NC

3 Democrats, 1 Republican (of 4 shown).

Jun 4

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Jun 4

Introduced in Senate

Read the bill text

Official text via Congress.gov. Opens in a new tab.

All 2 recorded actions since introduction · Source: Congress.gov

Jun 4

SENATERead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Jun 4

Introduced in Senate

3 Democrats · 1 Republican

Democrats (3)

Republicans (1)

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