summary
Introduced
04/06/2023
04/06/2023
In Committee
04/06/2023
04/06/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend the Securities Act of 1933 to exempt off-exchange secondary trading from State regulation where such trading is with respect to securities of an issuer that makes publicly available certain current information, and for other purposes.
AI Summary
This bill proposes to amend the Securities Act of 1933 to exempt off-exchange secondary trading of securities from state regulation, as long as the issuer of those securities makes certain current information publicly available. Specifically, the bill would exempt such off-exchange secondary trading from state regulation if the issuer provides the information required in periodic and current reports under SEC Rule 257, or the documents and information specified in SEC Rule 15c2-11. This would help facilitate a secondary market for these securities.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 04/06/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/2506/all-info |
| BillText | https://www.congress.gov/118/bills/hr2506/BILLS-118hr2506ih.pdf |
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