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BillHR 3395 · 119

Middle Market IPO Cost Act

Introduced
May 14, 2025
Cosponsors
2
Traction
0
Last Action
Jul 22, 2025

Bill Summary

Reduces costs for medium-sized companies going public by exempting them from certain auditing and disclosure requirements. This applies to companies with annual revenues between $700 million and $1 billion.

Sponsored By

James A. Himes
Democrat · Connecticut · House

Bill Journey

  1. May 14, 2025
  5. Jul 22, 2025You Are Here

    If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.

  6. TBD

    If passed by both chambers, the bill goes to the President to sign into law or veto.

Why It Matters

The bill affects medium-sized companies planning to go public, making it easier and less expensive for them to do so. It also impacts investors in these companies by potentially increasing the number of medium-sized companies that can go public.

Impact Areas

Sample
Addresses Supply
Targets an underlying shortage driving costs.
Supports Families
Aimed at easing pressure on working households.
Long-term Impact
Effects compound across multiple budget cycles.
Expands Access
Lowers barriers for first-time participants.

Support & Opposition

Sponsor & cosponsor support by party
3backers
  • Democratic1
  • Republican2
Cross-party cosponsors2 · 100%

Documents

1

Full text opens on congress.gov, the official source.

Cosponsors (2)

Bill Details

Bill TypeHouse Bill · Federal
Primary TopicMoney & Economy
CommitteeCommittee on Banking
IntroducedMay 14, 2025
Last UpdatedJul 22, 2025
Latest ActionReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Subjects
  • Economy

Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.