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H.R. 7127 119th 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: January 16, 2026 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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 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 25, 2026
Placed on the Union Calendar, Calendar No. 493.
Mar 25, 2026
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-573.
Mar 4, 2026
Committee Consideration and Mark-up Session Held
Mar 4, 2026
Ordered to be Reported by the Yeas and Nays: 26 - 17.
Jan 16, 2026
Referred to the House Committee on Financial Services.
Jan 16, 2026
Introduced in House
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What's happening now March 25, 2026

Placed on the Union Calendar, Calendar No. 493.

 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.

 Hearings & markups 2
  • Various Measures
    Markup Mar 4, 2026 · 10:00 AM EST · Financial Services Committee
  • Various Measures
    Markup Jan 22, 2026 · 10:00 AM EST · 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.

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Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7127: Restoring the Secondary Trading Market Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-7127/
MLA
"H.R. 7127: Restoring the Secondary Trading Market Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-7127/.
Bluebook (legal)
H.R. 7127, 119th Cong. (2026), https://openamerica.io/bill/119-HR-7127/.
Markdown link
[H.R. 7127: Restoring the Secondary Trading Market Act](https://openamerica.io/bill/119-HR-7127/)
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