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H.R. 3672 House Finance and Financial Sector

Securities Research Modernization Act

Introduced
Jun 2, 2025
Sponsor
Rep. Williams, Roger (R-TX-25)
View on Congress.gov (opens in a new tab)

STAGE 3 OF 8 — CALENDARS AND SCHEDULING

Currently in the House. Last action: placed on the union calendar, calendar no. 167 on Jul 15, 2025.

  1. House Introduced in House Jun 2, 2025
  2. House Referred to the House Committee on Financial Services. Jun 2, 2025
  3. House Committee Consideration and Mark-up Session Held Jun 10, 2025
  4. House Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 19. Jun 10, 2025
  5. House Reported (Amended) by the Committee on Financial Services. H. Rept. 119-204. Jul 15, 2025
  6. House Placed on the Union Calendar, Calendar No. 167. Jul 15, 2025

Cosponsors

1

Subjects

Business recordsFinancial services and investmentsSecurities

Committees

  • Financial Services Committee
    • Reported By , Jul 15, 2025
    • Markup By , Jun 10, 2025
    • Referred To , Jun 2, 2025

Summary

Securities Research Modernization ActThis bill allows a securities broker or dealer to publish or distribute a research report on a proposed public offering by any issuer without it being considered an offer to sell securities for purposes of registration requirements. Currently, only reports published or distributed regarding a proposed public offering by an emerging growth company fall under this exception.

Summary as of: Reported to House

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