H.R. 3672Passed Committee62% passage probability
Securities Research Modernization Act — Plain-English Explanation
Bill: H.R. 3672Sponsor: Roger Williams (R-TX)Topic: Finance and Financial Sector
In short: This bill updates rules that govern how financial research about companies and stocks is conducted and shared with investors.
What does Securities Research Modernization Act do?
- This bill updates rules that govern how financial research about companies and stocks is conducted and shared with investors.
- It aims to modernize outdated regulations that haven't kept pace with how financial markets and technology have changed since they were originally written.
Why does Securities Research Modernization Act matter?
- This affects investment firms, stock brokers, and everyday people who invest in stocks or retirement accounts, as it changes how they receive information about investment options.
- Better, more current research rules could help investors make more informed decisions, though the specific impacts depend on what changes the bill actually makes.
What happens next with Securities Research Modernization Act?
- The bill has passed the House Financial Services Committee and is scheduled for a full House vote.
- Citizens can contact their House representative to share their views on financial market regulations and research transparency.
Primary Sponsor
Legislative Timeline
Placed on the Union Calendar, Calendar No. 167.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-204.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-204.
Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 19.
Committee Consideration and Mark-up Session Held