H.R. 3672 · 119th Congress
Securities Research Modernization Act
- Stage
- Reported from committee
- Sponsor
- Roger Williams
- Introduced
- 2025-06-02
- Latest action
- 2025-07-15 · Reported (Amended) by the Committee on Financial Services. H. Rept. 119-204.
Summary
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.