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.

This bill changes the definition of a "well-known seasoned issuer" (WKSIs) under federal securities laws. It maintains the $75 million threshold for the market value of an issuer's voting and non-voting common equity held by non-affiliates but removes a separate requirement about minimum worldwide market value. This simplifies the qualification process for publicly traded companies seeking WKSIs status, which allows them to use streamlined SEC registration procedures for future offerings. The change directly affects companies aiming to access these simplified capital-raising pathways.