Defining Dealer Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8328 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8328 To amend the Securities Exchange Act of 1934 to provide a definition for dealer. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 16, 2026 Mr. Donalds introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To amend the Securities Exchange Act of 1934 to provide a definition for dealer. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Defining Dealer Act''. SEC. 2. DEFINITION OF THE TERM DEALER. (a) Amendment to Definition of the Term Dealer.-- (1) In general.--Subparagraph (A) of section 3(a)(5) of the Securities Exchange Act of 1934 (15 U.S.C. 78C(a)(5)) is amended to read as follows: ``(A) Definition of dealer.--The term `dealer' means any person engaged in the business of effecting securities transactions for customers both-- `…