Securities Research Modernization Act
The summary
What this bill does
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.
Legislative timeline
From introduction
Jun 2, 2025
Introduced & referred to committee
Congressional support
Sponsors & Cosponsors
U.S. Representative - TX District 25 · R-TX
Roll-call vote
The vote, by member
The vote, by member
VERSION CHANGES
What changed,
and where.
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Bill Metadata
| Congress | 119 |
| Bill Type | HR |
| Bill Number | 3672 |
| Origin Chamber | House |
| Current Status | Placed on the Union Calendar, Calendar No. 167. |
| Policy Area | Finance and Financial Sector |
| Primary Committee | Not assigned |
| Introduced | June 2, 2025 |
| Latest Action | July 15, 2025 |
| Cosponsors | 1 · House vote — · — views |