summary
Introduced
01/16/2026
01/16/2026
In Committee
01/16/2026
01/16/2026
Crossed Over
Passed
Dead
Introduced Session
119th 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, titled the "Restoring the Secondary Trading Market Act," proposes to amend the Securities Act of 1933 to exempt certain "off-exchange secondary trading" from state regulation. Off-exchange secondary trading refers to the buying and selling of securities that occurs outside of traditional stock exchanges, such as over-the-counter markets. The bill specifically targets securities from issuers that make current information publicly available, such as the information required in periodic and current reports or specific documents and information outlined in federal regulations. By exempting this type of trading from state oversight, the bill aims to streamline the secondary trading market for these publicly informed companies.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 01/16/2026)
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/119th-congress/house-bill/7127/all-info |
| BillText | https://www.congress.gov/119/bills/hr7127/BILLS-119hr7127ih.pdf |
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