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H.R. 2506 118th Congress House

Restoring the Secondary Trading Market Act

Official title: To amend the Securities Act of 1933 to exempt off-exchange secondary trading from State regulation where such trading is with respect to securities of an issue… Show full official titleShow less

Official title: To amend the Securities Act of 1933 to exempt off-exchange secondary trading from State regulation where such trading is with respect to securities of an issuer that makes publicly available certain current information, and for other purposes.

Introduced: April 6, 2023 Introduced by: Daniel Meuser Republican · Pennsylvania See on congress.gov
Finance and Financial Sector Business recordsCorporate finance and managementFinancial services and investmentsSecuritiesState and local government operations
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 6, 2023
Referred to the House Committee on Financial Services.
Apr 6, 2023
Introduced in House
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 Latest action April 6, 2023

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Restoring the Secondary Trading Market Act

This bill prohibits states from banning, limiting, or imposing conditions upon off-exchange secondary trading of securities.  This prohibition applies if the issuer of those securities provides public information on the issuer's financial status in accordance with federal regulations.

 Related & companion bills 1
  • HR 2799 Expanding Access to Capital Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 2506: Restoring the Secondary Trading Market Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-2506/
MLA
"H.R. 2506: Restoring the Secondary Trading Market Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-2506/.
Bluebook (legal)
H.R. 2506, 118th Cong. (2026), https://openamerica.io/bill/118-HR-2506/.
Markdown link
[H.R. 2506: Restoring the Secondary Trading Market Act](https://openamerica.io/bill/118-HR-2506/)
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