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HR 7127 · introduced · significant

Restoring the Secondary Trading Market Act

What this bill does

  • This bill prevents states from restricting or banning the off-exchange resale of securities.
  • It affects states, securities issuers, and investors who trade securities in secondary markets.
  • The restriction applies only when issuers comply with federal financial disclosure requirements.

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Community Threads

Started by Cosponsor

  1. 01

    How might allowing unrestricted secondary market trading affect state governments' ability to protect local investors from securities fraud?

  2. 02

    Which investor groups could benefit most from expanded off-exchange resale markets, and which might face greater risks?

  3. 03

    What evidence exists that state restrictions on secondary securities trading currently harm economic growth or capital formation?

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

Sponsor · R-PA-9

Daniel Meuser

Citizen cosponsors

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In Congress

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House Reps cosponsoring

Introduced 2026-03-25

Legislative timeline

  1. 2026-03-25 · house · Calendars

    Placed on the Union Calendar, Calendar No. 493.

  2. 2026-03-25 · house · Committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-573.

  3. 2026-03-25 · Committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-573.

  4. 2026-03-04 · house · Committee

    Ordered to be Reported by the Yeas and Nays: 26 - 17.

  5. 2026-03-04 · house · Committee

    Committee Consideration and Mark-up Session Held

  6. 2026-01-16 · house · IntroReferral

    Referred to the House Committee on Financial Services.

  7. 2026-01-16 · IntroReferral

    Introduced in House

  8. 2026-01-16 · IntroReferral

    Introduced in House

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