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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.
Introduced
Jun 2, 2025
Last Action
Jul 15, 2025
Session
119th Congress
Sponsors
1 primary · 1 co
Passage Probability
19% — Moderate
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-204.
Placed on the Union Calendar, Calendar No. 167.
Committee Consideration and Mark-up Session Held
Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 19.
Introduced in House
Referred to the House Committee on Financial Services.
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
19%
Estimate based on legislative signals
See what factors are driving this score — cosponsor support, bipartisan backing, committee progress, and more.
Upgrade to ProPlaced on the Union Calendar, Calendar No. 167.