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H. Rept. 119-247 1 (2025-09-08)

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                     119TH CONGRESS                                         REPORT
                        1st Session    HOUSE   OF REPRESENTATIVES           119-247







                                  EXPANDING WKSI ELIGIBILITY ACT




                     SEPTEMBER 8, 2025.-Committed to the Committee of the Whole House on the State
                                       of the Union and ordered to be printed




                     Mr.  HILL of Arkansas, from  the Committee  on Financial Services,
                                          submitted  the  following


                                              REPORT


                                            [To accompany H.R. 4430]

                      The  Committee   on Financial Services, to whom   was referred the
                    bill (H.R. 4430) to lower the aggregate  market  value of voting and
                    non-voting  common   equity necessary  for an issuer to qualify as a
                    well-known   seasoned  issuer, having considered  the same,  reports
                    favorably  thereon       with    an  amendment and recommends that the
                    bill as amended  do pass.

                                                 CONTENTS
                                                                                     Page
                    Purpose and Sum m ary ............................................................................................  2
                    Background and Need for  Legislation  ....................................................................  2
                    Com m ittee Consideration  ........................................................................................  2
                    R elated H earings  .....................................................................................................  3
                    C om m ittee  V otes  .....................................................................................................  4
                    Com m ittee Oversight Findings  ...............................................................................  6
                    Perform ance Goals  and  Objectives  .........................................................................  6
                    Com m ittee Cost  Estim ate  .......................................................................................  6
                    New Budget Authority and CBO Cost Estimate ...................................................  6
                    Unfunded M andates Statem ent  ..............................................................................  6
                    E arm ark Statem ent  .................................................................................................  6
                    Federal Advisory Committee Act Statement .........................................................  7
                    Applicability  to  the  Legislative  Branch  .................................................................  7
                    Duplication of Federal Program s  ............................................................................  7
                    Section-by-Section  Analysis of the  Legislation  ......................................................  7
                    Changes in Existing Law Made by the Bill, as Reported ................. 7
                      The  amendment   is as follows:
                      Strike all after the enacting clause and insert the following:

                    SECTION 1. SHORT TITLE.
                      This Act may be cited as the Expanding WKSI Eligibility Act.


59-006