Middle Market IPO Cost Act

HR 2812, the Middle Market IPO Cost Act, requires the Securities and Exchange Commission (SEC) to study the costs small and medium-sized companies face when conducting initial public offerings (IPOs). The study will examine direct fees paid to underwriters and advisors, compliance expenses, and how these costs compare to alternative financing options. It will also analyze impacts on capital formation and retail investor access to shares of these companies, tracking trends in IPO volumes, underwriting fees, and market participation over time. The SEC must submit a detailed report to Congress within 360 days of the bill's enactment, outlining findings and potential recommendations.