# 119-hr-4430: Expanding WKSI Eligibility Act

119-hr-4430, Expanding WKSI Eligibility Act, is a 119th Congress bill sponsored by Rep. Steil, Bryan [R-WI-1] (R-WI); status passed_house; PRIA reads it as touching household money (as of 2026-07-19).

- Canonical: https://policyrisk.com/legislation/119-hr-4430
- As of: 2026-07-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-4430
- Congress: 119
- Title: Expanding WKSI Eligibility Act
- Status: passed_house
- Introduced: 2025-07-16
- Sponsor: Rep. Steil, Bryan [R-WI-1] (R-WI)
- Cosponsors: 3
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-07-19

## Summary

**Expands eligibility for well-known seasoned issuer (WKSI) status.** This bill would let companies qualify as a WKSI if the aggregate market value of their voting and non-voting common equity held by non-affiliates is $400 million or more and they meet the other WKSI requirements without reference to a separate worldwide market-value test. - Companies: Firms with at least $400 million in non-affiliate common equity could meet the WKSI threshold using the Form S-3 instruction I.B.1 valuation method. - SEC and transparency: The Securities and Exchange Commission would have to publish, within 90 days after each calendar year, the total number of applications that sought a determination under section 230.405 to meet WKSI criteria and were later withdrawn. - Implementation: The bill relies on the SEC's existing administrative authority and does not authorize new appropriations to carry out the reporting requirement.

## Cosponsors (3)

- Rep. Fields, Cleo [D-LA-6] (D-LA), 2025-07-21T00:00:00.000Z
- Rep. Meuser, Daniel [R-PA-9] (R-PA), 2025-07-21T00:00:00.000Z
- Rep. Himes, James A. [D-CT-4] (D-CT), 2025-07-25T00:00:00.000Z

## Provisions PRIA read

- More companies could use faster SEC filings: benefit, low. If enacted, more public companies could get well-known seasoned issuer (WKSI) status. A company would qualify if the market value of its common stock held by non‑affiliates is $400 million or more. The value would be measured under SEC Form S‑3 rules in place on enactment. The company would still n…

## Related bills

- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-9237: Take Care of America’s Veterans Act
- 119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025
- 119-hr-909: Crime Victims Fund Stabilization Act of 2025
- 119-hr-2225: Access to Small Business Investor Capital Act

## Sources
- [119-hr-4430 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/4430)

## Related
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-9237: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-hr-9237)
- [119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-hr-3514)
- [119-hr-909: Crime Victims Fund Stabilization Act of 2025](https://policyrisk.com/legislation/119-hr-909)
- [119-hr-2225: Access to Small Business Investor Capital Act](https://policyrisk.com/legislation/119-hr-2225)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-4430 (as of 2026-07-19).