Sec. 499. Expanding testing the waters and confidential submissions
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/bill/115/hr/10/rh/section-499A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Securities Act of 1933 ( 15 U.S.C. 77a et seq.) is amended— in section 5(d), by striking an emerging growth company or any person authorized to act on behalf of an emerging growth company and inserting an issuer or any person authorized to act on behalf of an issuer ; and in section 6(e)— in the heading, by striking and inserting Emerging growth companies ; and Draft registration statements by amending paragraph
(1)to read as follows: Any issuer, prior to its initial public offering date, may confidentially submit to the Commission a draft registration statement, for confidential nonpublic review by the staff of the Commission prior to public filing, provided that the initial confidential submission and all amendments thereto shall be publicly filed with the Commission not later than 15 days before the date on which the issuer conducts a road show, as such term is defined in section 230.433(h)(4) of title 17, Code of Federal Regulations, or any successor thereto. .
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Sec. 499
Expanding testing the waters and confidential submissions
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