HR7127
On Union Calendar
Restoring the Secondary Trading Market Act
- Federal
- House
- Introduced Jan 16, 2026
- Session 119
Bill Text
Version RHThis Act may be cited as the Restoring the Secondary Trading Market Act.
Section 18(a) of the Securities Act of 1933 (15 U.S.C. 77r(a)) is amended—
in paragraph (2), by striking or at the end;
in paragraph (3), by striking the period at the end and inserting ; or; and
by adding at the end the following:
shall directly or indirectly prohibit, limit, or impose any conditions upon the off-exchange secondary trading (as such term is defined by the Commission) in securities of an issuer that makes current information publicly available, including—
the information required in the periodic and current reports described under paragraph (b) of section 230.257 of title 17, Code of Federal Regulations; or
the documents and information specified in paragraph (b) of section 15c2–11 of title 17, Code of Federal Regulations.
Section 18(a) of the Securities Act of 1933 (15 U.S.C. 77r(a)) is amended—
in paragraph (2), by striking or at the end;
in paragraph (3), by striking the period at the end and inserting ; or; and
by adding at the end the following:
shall directly or indirectly prohibit, limit, or impose any conditions upon the off-exchange secondary trading (as such term is defined by the Commission) in securities of an issuer that makes current information publicly available, including—
the information required in the periodic and current reports described under paragraph (b) of section 230.257 of title 17, Code of Federal Regulations; or
the documents and information specified in paragraph (b) of section 15c2–11 of title 17, Code of Federal Regulations.
Legislative Timeline
8 actions-
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-573.
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Reported (Amended) by the Committee on Financial Services. H. Rept. 119-573.
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Placed on the Union Calendar, Calendar No. 493.
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Committee Consideration and Mark-up Session Held
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Ordered to be Reported by the Yeas and Nays: 26 - 17.
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Introduced in House
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Introduced in House
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Referred to the House Committee on Financial Services.