Directs the Comptroller General to study the costs that small and medium-sized companies face when they go public through initial public offerings, and to report the findings to Congress.

Official title: Middle Market IPO Cost Act

Next stop Senate: awaiting action

Timeline each lane is a chamber; dates pull from congress.gov actions

House

Introduced 14-MAY-2025

Referred 14-MAY-2025

Approved by committee 20-MAY-2025

Reported 03-JUN-2025

On the calendar 03-JUN-2025

Passed 21-JUL-2025

Senate

Received 22-JUL-2025

Key points

Covers direct and indirect IPO costs, including fees for accountants, underwriters, and other advisors, plus securities law compliance at the time of the offering.
Compares IPO costs with alternative financing sources and analyzes effects on capital formation and on retail investor access to small company stock.
Requires a report to Congress within 360 days of enactment, including findings and any administrative or legislative recommendations.

AI-generated from the Referred in Senate text of 22-JUL-2025 · verify · report an error

Official CRS summary

Covers an older version. The newest CRS summary describes the bill as of "Introduced in House" (14-MAY-2025); the text has changed since (Engrossed in House, 21-JUL-2025).

CRS is the Library of Congress's nonpartisan research office. Read it on congress.gov

Committee referrals (2)

Financial Services Committee (House)
Banking, Housing, and Urban Affairs Committee (Senate)

Policy area

Finance and Financial Sector

Sponsor James A. Himes (D-CT) Cosponsors · 2

■ 2 R

2 Republicans

congress.gov page Referred in Senate (22-JUL-2025) Engrossed in House (21-JUL-2025) Reported in House (03-JUN-2025) Introduced in House (14-MAY-2025)