Bill > HR7127

This bill, titled the "Restoring the Secondary Trading Market Act," aims to amend the Securities Act of 1933 by exempting certain "off-exchange secondary trading" from state regulation. Off-exchange secondary trading refers to the buying and selling of securities that occurs outside of major stock exchanges. The bill proposes that this exemption would apply to securities from companies that make current information publicly available, specifically referencing the types of information required in periodic and current reports or documents and information specified under certain regulations of the Securities and Exchange Commission (SEC). The purpose is to prevent states from directly or indirectly prohibiting, limiting, or imposing conditions on this type of trading when the issuer's information is readily accessible.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/7127/all-info