Securities Research Modernization Act

H.R. 3672 · 119th Congress · Jun 2, 2025 · Lineage

A BILL

To amend the Securities Act of 1933 to expand the research report exception to include reports about any issuer that undertakes a proposed offering of public securities.

Section 1 Short title

This Act may be cited as the “Securities Research Modernization Act”.

Sec. 2 Provision of research report

Section 2(a)(3) of the Securities Act of 1933 (15 U.S.C. 77b(a)(3)) is amended—

(a)

by striking “an emerging growth company” and inserting “an issuer”;

(b)

by striking “the common equity” and inserting “any”; and

(c)

by striking “such emerging growth company” and inserting “such issuer”.

Lineage

Jun 2, 2025viewing Reported in House Mr. Williams of Texas (for himself and Mr. Fields) introduced the following bill; which was referred to the Committee on Financial Services See what changed
Jun 2, 2025 Introduced in House Mr. Williams of Texas (for himself and Mr. Fields) introduced the following bill; which was referred to the Committee on Financial Services

Securities Research Modernization Act

Section 1 Short title

Sec. 2 Provision of research report

Cite this provision

Incoming references