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HR 3672 · introduced · significant

Securities Research Modernization Act

What this bill does

  • Allows brokers and dealers to publish research reports on any public offering without triggering securities registration requirements.
  • Affects securities firms, investors, and companies planning public offerings.
  • Expands an existing exemption that currently applies only to emerging growth companies.

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Community Threads

Started by Cosponsor

  1. 01

    How would expanding research report exemptions to all public offerings affect the quality and independence of investment information available to retail investors?

  2. 02

    What specific risks or benefits might smaller companies experience if they become subject to more analyst coverage without additional disclosure requirements?

  3. 03

    Why does the bill expand protections beyond emerging growth companies, and what evidence suggests this broader approach serves investor protection?

Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.

Sponsor · R-TX-25

Roger Williams

Citizen cosponsors

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In Congress

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House Reps cosponsoring

Introduced 2025-07-15

Joining the bill

Legislative timeline

  1. 2025-07-15 · house · Calendars

    Placed on the Union Calendar, Calendar No. 167.

  2. 2025-07-15 · house · Committee

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

  3. 2025-07-15 · Committee

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

  4. 2025-06-10 · house · Committee

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

  5. 2025-06-10 · house · Committee

    Committee Consideration and Mark-up Session Held

  6. 2025-06-02 · house · IntroReferral

    Referred to the House Committee on Financial Services.

  7. 2025-06-02 · IntroReferral

    Introduced in House

  8. 2025-06-02 · IntroReferral

    Introduced in House

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