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US HB7127

Bill

Official Source

Status

Introduced

1/16/2026

Primary Sponsor

Dan Meuser

Click for details

Origin

House of Representatives

119th Congress

AI Summary

  • Amends Section 18(a) of the Securities Act of 1933 to preempt state regulation of off-exchange secondary trading in securities
  • Prohibits states from directly or indirectly banning, limiting, or imposing conditions on off-exchange secondary market transactions
  • Exemption applies only to securities of issuers that make current information publicly available
  • Qualifying issuers must provide either periodic and current reports under SEC Regulation A (17 CFR 230.257) or documents specified under SEC Rule 15c2-11
  • Introduced by Rep. Meuser on January 16, 2026 and referred to the House Committee on Financial Services

Legislative Description

Restoring the Secondary Trading Market Act

Finance and financial sector

Last Action

Ordered to be Reported by the Yeas and Nays: 26 - 17.

3/4/2026

Committee Referrals

Financial Services1/16/2026

Full Bill Text

No bill text available