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    <number>2576</number>
    <updateDate>2025-05-27T14:12:00Z</updateDate>
    <updateDateIncludingText>2025-05-27T14:12:00Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2023-04-13</introducedDate>
    <congress>118</congress>
    <cdata>
      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 169, Number 62 (Thursday, April 13, 2023)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. WILLIAMS of Texas:H.R. 2576.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the Constitution of the UnitedStatesThe single subject of this legislation is:Expands the research report exception. to include reportsabout any issuer that undertakes a proposed offering ofpublic securities, not just emerging growth companies.[Page H1726]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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        <name>Financial Services Committee</name>
        <chamber>House</chamber>
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            <name>Referred To</name>
            <date>2023-04-13T15:04:05Z</date>
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    <relatedBills>
      <item>
        <title>Expanding Access to Capital Act of 2023</title>
        <congress>118</congress>
        <number>2799</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2024-03-11</actionDate>
          <text>Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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      <item>
        <actionDate>2023-04-13</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
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        <text>Introduced in House</text>
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        <actionDate>2023-04-13</actionDate>
        <text>Introduced in House</text>
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    <sponsors>
      <item>
        <bioguideId>W000816</bioguideId>
        <fullName>Rep. Williams, Roger [R-TX-25]</fullName>
        <firstName>Roger</firstName>
        <lastName>Williams</lastName>
        <party>R</party>
        <state>TX</state>
        <district>25</district>
        <isByRequest>N</isByRequest>
      </item>
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    <policyArea>
      <name>Finance and Financial Sector</name>
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    <subjects>
      <legislativeSubjects/>
      <policyArea>
        <name>Finance and Financial Sector</name>
        <updateDate>2023-04-19T19:15:16Z</updateDate>
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    <summaries>
      <summary>
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        <actionDate>2023-04-13</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2023-12-22T20:20:20Z</updateDate>
        <cdata>
          <text>&lt;p&gt;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.&lt;/p&gt;</text>
        </cdata>
      </summary>
    </summaries>
    <title>To amend the Securities Act of 1933 to expand the research report exception to include reports about any issuer that undertakes a proposed offering of public securities.</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <titleTypeCode>45</titleTypeCode>
        <title>To amend the Securities Act of 1933 to expand the research report exception to include reports about any issuer that undertakes a proposed offering of public securities.</title>
        <updateDate>2024-07-24T15:22:52Z</updateDate>
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        <title>To amend the Securities Act of 1933 to expand the research report exception to include reports about any issuer that undertakes a proposed offering of public securities.</title>
        <updateDate>2024-03-18T20:36:50Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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        <date>2023-04-13T04:00:00Z</date>
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    <latestAction>
      <actionDate>2023-04-13</actionDate>
      <text>Referred to the House Committee on Financial Services.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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