H.R. 3672

119th Congress

Reported

Securities Research Modernization Act

Sponsored byRepublican:Rep. Williams, Roger [R-TX-25]TX· Introduced 2 June 2025
Open on Congress.gov

1

Cosponsors

8

Actions

0

Amendments

1

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

Placed on the Union Calendar, Calendar No. 167.

15 July 2025·1 year ago

Summary

Reported to House · Updated 3 September 2025

Securities Research Modernization Act

This 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.

Timeline

8 actions

  1. Placed on the Union Calendar, Calendar No. 167.

    15 July 2025 · Calendars

  2. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-204.

    15 July 2025 · Committee

  3. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-204.

    15 July 2025 · Committee

  4. Committee Consideration and Mark-up Session Held

    10 June 2025 · Committee

  5. Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 19.

    10 June 2025 · Committee

  6. Referred to the House Committee on Financial Services.

    2 June 2025 · IntroReferral

  7. Introduced in House

    2 June 2025 · IntroReferral

  8. Introduced in House

    2 June 2025 · IntroReferral

Sponsorship

1 cosponsors

Sponsor

Republican:Rep. Williams, Roger [R-TX-25]TX

Cosponsors

  • Democrat1100%

Classification

Policy area

Finance and Financial Sector

Legislative subjects

Business recordsFinancial services and investmentsSecurities

Committees

1

  • Financial Services Committee

    House · Standing

    • Referred To2 Jun 2025
    • Markup By10 Jun 2025
    • Reported By15 Jul 2025

Reports

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