HR 3672 119th Congress House Finance and Financial Sector Business records Financial services and investments Securities

Securities Research Modernization Act

Introduced: June 2, 2025 Introduced by: Williams, Roger Republican · Texas See on congress.gov

Everywhere this bill has been 6 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 15, 2025

Placed on the Union Calendar, Calendar No. 167.

Jul 15, 2025

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-204.

Jun 10, 2025

Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 19.

Jun 10, 2025

Committee Consideration and Mark-up Session Held

Jun 2, 2025

Referred to the House Committee on Financial Services.

Jun 2, 2025

Introduced in House

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Plain-English summary Congressional Research Service

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.

What's happening now July 15, 2025

Placed on the Union Calendar, Calendar No. 167.

Hearings & markups 1

Various Measures
Markup Jun 10, 2025 · 10:00 AM EDT · Financial Services Committee

Bill text 2 versions

Introduced in House Formatted Text PDF Formatted XML
Reported in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Financial Services Committee
House of Representatives

Lobbying activity 8

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

AMERICAN ACADEMY OF FAMILY PHYSICIANS
for AMERICAN ACADEMY OF FAMILY PHYSICIANS · Kansas · 2nd Quarter (Apr 1 - June 30) 2026
AMERICAN ACADEMY OF FAMILY PHYSICIANS
for AMERICAN ACADEMY OF FAMILY PHYSICIANS · Kansas · 1st Quarter (Jan 1 - Mar 31) 2026
CHAMBER OF COMMERCE OF THE U.S.A.
for CHAMBER OF COMMERCE OF THE U.S.A. · District of Columbia · 4th Quarter (Oct 1 - Dec 31) 2025
AMERICAN ACADEMY OF FAMILY PHYSICIANS
for AMERICAN ACADEMY OF FAMILY PHYSICIANS · Kansas · 4th Quarter (Oct 1 - Dec 31) 2025
CHAMBER OF COMMERCE OF THE U.S.A.
for CHAMBER OF COMMERCE OF THE U.S.A. · District of Columbia · 3rd Quarter (July 1 - Sep 30) 2025
AMERICAN ACADEMY OF FAMILY PHYSICIANS
for AMERICAN ACADEMY OF FAMILY PHYSICIANS · Kansas · 3rd Quarter (July 1 - Sep 30) 2025

See all 8 filings →

Cosponsors 1

Fields, Cleo

Louisiana · Jun 2, 2025

Cite this page click to expand

APA

U.S. Congress. (2026). H.R. 3672: Securities Research Modernization Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-3672/

MLA

"H.R. 3672: Securities Research Modernization Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-3672/.

Bluebook (legal)

H.R. 3672, 119th Cong. (2026), https://openamerica.io/bill/119-HR-3672/.

Markdown link

[H.R. 3672: Securities Research Modernization Act](https://openamerica.io/bill/119-HR-3672/)