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H.R. 3672 119th Congress House

Securities Research Modernization Act

Official title: To amend the Securities Act of 1933 to expand the research report exception to include reports about any issuer that undertakes a proposed offering of public securities.

Introduced: June 2, 2025 Introduced by: Roger Williams Republican · Texas See on congress.gov
Finance and Financial Sector Business recordsFinancial services and investmentsSecurities
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 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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What's happening now July 15, 2025

Placed on the Union Calendar, Calendar No. 167.

 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.

 Hearings & markups 1
  • Various Measures
    Markup Jun 10, 2025 · 10:00 AM EDT · Financial Services Committee
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 9

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

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

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 Cosponsors 1
All 1 Democratic 1
D
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/)
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