{"bill":{"id":"119-hr-3672","congress":119,"type":"HR","number":3672,"title":"Securities Research Modernization Act","originChamber":"House","introducedDate":"2025-06-02","sponsors":[{"bioguideId":"W000816","fullName":"Rep. Williams, Roger [R-TX-25]","party":"R","state":"TX","district":25}],"cosponsorsCount":1,"latestAction":{"actionDate":"2025-07-15","text":"Placed on the Union Calendar, Calendar No. 167."},"policyArea":"Finance and Financial Sector","subjects":["Business records","Financial services and investments","Securities"],"actions":[{"date":"2025-07-15","text":"Placed on the Union Calendar, Calendar No. 167.","type":"Calendars","chamber":"House floor actions","hasVote":false},{"date":"2025-07-15","text":"Reported (Amended) by the Committee on Financial Services. H. Rept. 119-204.","type":"Committee","chamber":"House floor actions","hasVote":false},{"date":"2025-07-15","text":"Reported (Amended) by the Committee on Financial Services. H. Rept. 119-204.","type":"Committee","chamber":"Library of Congress","hasVote":false},{"date":"2025-06-10","text":"Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 19.","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2025-06-10","text":"Committee Consideration and Mark-up Session Held","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2025-06-02","text":"Referred to the House Committee on Financial Services.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2025-06-02","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2025-06-02","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false}],"summary":"<p><strong>Securities Research Modernization Act</strong></p><p>This bill allows a securities broker or dealer to publish or distribute a research report on a proposed public offering by any issuer without it being considered an offer to sell securities for purposes of registration requirements. Currently, only reports published or distributed regarding a proposed public offering by an emerging growth company fall under this exception.</p>","updateDate":"2026-03-07T23:06:18Z"},"markets":[],"stateBills":[],"meta":{"sources":["congress.gov"],"latencyMs":404,"ts":"2026-04-15T17:45:04.518Z"},"nextActions":{"inspect":[],"related":[{"description":"Search related legislation","method":"GET","url":"/api/public/query-gov?q=Securities%20Research%20Modernization%20Act"}]}}