United States 119th Congress Status: Passed House Bipartisan · 2 R · 1 D cosponsors

HR 3395 — Middle Market IPO Cost Act

Last action — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has passed the House. Introduced May 14, 2025. It now moves to the second chamber.

Next likely step: consideration and a floor vote in the Senate.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 48% · moderate confidence

  • Passed House

    Current position in the legislative process.

  • 3 sponsors

    1 primary, 2 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (2 R · 1 D) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Bill Text

What changed in the latest version

6 added · 1 removed

Plain-language change summary

The changes indicate that H.R. 3395 has been received by the Senate and referred to the Committee on Banking, Housing, and Urban Affairs. The text also shows that the bill was previously engrossed in the House. This matters because it reflects the current legislative process and the progression of the bill from the House to the Senate for further consideration.

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3395 Engrossed in House (EH)] <DOC> 119th CONGRESS 1st Session H.
3395 Referred in Senate (RFS)] <DOC> 119th CONGRESS 1st Session H.
3395 _______________________________________________________________________ AN ACT To require the Comptroller General of the United States to carry out a study of the costs associated with small- and medium-sized companies to undertake initial public offerings.
3395 _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES July 22, 2025 Received;
read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ AN ACT To require the Comptroller General of the United States to carry out a study of the costs associated with small- and medium-sized companies to undertake initial public offerings.
Clerk.
KEVIN F.
119th CONGRESS 1st Session H.
MCCUMBER, Clerk.
R.
3395 _______________________________________________________________________ AN ACT To require the Comptroller General of the United States to carry out a study of the costs associated with small- and medium-sized companies to undertake initial public offerings.
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What Congress says this changes

H. Rept. 119-128

Published by the reporting committee Not generated — this is the committee's own “Changes in Existing Law Made by the Bill, as Reported”.

Text to be removed appears in [brackets]. Newly inserted text is italicised in the official report and cannot be marked in this plain-text rendition — read the official PDF ↗ for the authoritative formatting. 

CHANGES IN EXISTING LAW MADE BY THE BILL, AS REPORTED

 H.R. 3395 does not repeal or amend any section of a 
statute. Therefore, the Office of Legislative Counsel did not 
prepare the report required under clause 3(e) of rule XIII of 
the House of Representatives.

Source: H. Rept. 119-128 · govinfo

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the House Committee on Financial Services.

  4. Committee Consideration and Mark-up Session Held

  5. Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.

  6. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-128.

  7. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-128.

  8. Placed on the Union Calendar, Calendar No. 98.

  9. Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.

  10. Considered under suspension of the rules. (consideration: CR H3511-3513)

  11. DEBATE - The House proceeded with forty minutes of debate on H.R. 3395.

  12. Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3511-3512)

  13. On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3511-3512)

  14. Motion to reconsider laid on the table Agreed to without objection.

  15. Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Sponsorship breakdown

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1 sponsors · 2 co-sponsors · 544 not signed on

Sponsors (1)

Co-sponsors (2)

Not signed on (544)

544 members have not signed on to this bill.

Show all 544 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HR 3395?
HR 3395 is sponsored by Sessions, Pete (Republican), Lawler, Michael (Republican), and Himes, James A. (Democratic).
What is the current status of HR 3395?
This bill has passed the House. Introduced May 14, 2025. It now moves to the second chamber.
Where can I track HR 3395?
Track HR 3395 free on One Click Politics — get push/email alerts when it moves.

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