HR 3672 · 119th Congress · Finance and Financial Sector

Securities Research Modernization Act

Introduced 2025-06-02· Sponsored by Rep. Williams, Roger [R-TX-25]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 167.(2025-07-15)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 3672, Securities Research Modernization Act

Oct 31, 2025

As reported by the House Committee on Financial Services on July 15, 2025

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (1)

1 Democrat
Rep. Fields, Cleo [D-LA-6]LA