What Is This Notice About?
The Securities and Exchange Commission (SEC) has published a routine notice asking the public to comment on renewing its Form F-1 Registration Statement — a financial disclosure form used by foreign private issuers (foreign companies publicly offering securities in the United States) to register their securities under the Securities Act of 1933.
This notice has no direct connection to immigration visas, F-1 student status, or H-1B work authorization. Despite sharing the name "F-1" with the student visa, this SEC form is an entirely separate financial regulatory document.
Who Uses SEC Form F-1?
SEC Form F-1 is filed by foreign companies — not individual visa holders — when they want to list their securities (such as stocks) on US markets. Approximately 270 foreign companies file this form each year. It is unrelated to the F-1 student visa administered by the Department of Homeland Security (DHS) and the Student and Exchange Visitor Program (SEVP).
Why Is the SEC Publishing This Notice?
Under the Paperwork Reduction Act of 1995, federal agencies must periodically seek approval from the Office of Management and Budget (OMB) to continue collecting information from the public. This notice is part of that standard renewal process. The SEC estimates:
- Each Form F-1 filing takes approximately 1,610 hours to complete
- About 270 companies file the form annually
- The total annual reporting burden is roughly 108,699 hours
- External professional costs (such as legal and accounting fees) are estimated at approximately $195.7 million per year across all filers
What Is the SEC Asking For?
The SEC is inviting public comments on four specific questions:
- Whether the form is necessary and useful for investor protection
- Whether the agency's burden estimates are accurate
- How the quality and clarity of the collected information could be improved
- How the reporting burden on companies could be reduced, including through technology
Comment Deadline
Written comments must be submitted by March 16, 2026. A second comment opportunity will follow when the SEC publishes a 30-Day Submission Notice in the Federal Register.
Comments can be directed to Austin Gerig, Director/Chief Data Officer at the SEC, via Tanya Ruttenberg at the email listed in the notice.
Bottom Line for Visa Holders
This document is not relevant to F-1 students, H-1B workers, or any other visa holders. It is a routine administrative renewal of a securities registration form for foreign companies. No immigration rules, fees, or processes are changing as a result of this notice. If you found this document while searching for information about the F-1 student visa, please visit the DHS SEVP website or consult your Designated School Official (DSO) for guidance.