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    <number>7187</number>
    <updateDate>2026-09-02T13:08:14Z</updateDate>
    <updateDateIncludingText>2026-09-02T13:08:14Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2026-01-21</introducedDate>
    <congress>119</congress>
    <legislationUrl>https://www.congress.gov/bill/119th-congress/house-bill/7187</legislationUrl>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 172, Number 14 (Wednesday, January 21, 2026)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. NUNN of Iowa:H.R. 7187.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the United States ConstitutionTo make all Laws which shall be necessary and proper forcarrying into Execution the foregoing Powers, and all otherPowers vested by this Constitution in the Government of theUnited States, or in any Department or Officer thereof.[Page H1172]</pre>]]></constitutionalAuthorityStatementText>
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        <text>Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.</text>
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        <text>Referred to the House Committee on Financial Services.</text>
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        <fullName>Rep. Nunn, Zachary [R-IA-3]</fullName>
        <firstName>Zachary</firstName>
        <lastName>Nunn</lastName>
        <party>R</party>
        <state>IA</state>
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        <fullName>Rep. Meeks, Gregory W. [D-NY-5]</fullName>
        <firstName>Gregory</firstName>
        <lastName>Meeks</lastName>
        <party>D</party>
        <state>NY</state>
        <middleName>W.</middleName>
        <district>5</district>
        <sponsorshipDate>2026-01-21</sponsorshipDate>
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        <fullName>Rep. Pettersen, Brittany [D-CO-7]</fullName>
        <firstName>Brittany</firstName>
        <lastName>Pettersen</lastName>
        <party>D</party>
        <state>CO</state>
        <district>7</district>
        <sponsorshipDate>2026-04-14</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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        <fullName>Rep. Lawler, Michael [R-NY-17]</fullName>
        <firstName>Michael</firstName>
        <lastName>Lawler</lastName>
        <party>R</party>
        <state>NY</state>
        <district>17</district>
        <sponsorshipDate>2026-06-02</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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        <bioguideId>S001188</bioguideId>
        <fullName>Rep. Stutzman, Marlin A. [R-IN-3]</fullName>
        <firstName>Marlin</firstName>
        <lastName>Stutzman</lastName>
        <party>R</party>
        <state>IN</state>
        <middleName>A.</middleName>
        <district>3</district>
        <sponsorshipDate>2026-06-08</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>G000597</bioguideId>
        <fullName>Rep. Garbarino, Andrew R. [R-NY-2]</fullName>
        <firstName>Andrew</firstName>
        <lastName>Garbarino</lastName>
        <party>R</party>
        <state>NY</state>
        <middleName>R.</middleName>
        <district>2</district>
        <sponsorshipDate>2026-06-10</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>M001238</bioguideId>
        <fullName>Rep. McBride, Sarah [D-DE-At Large]</fullName>
        <firstName>Sarah</firstName>
        <lastName>McBride</lastName>
        <party>D</party>
        <state>DE</state>
        <district>0</district>
        <sponsorshipDate>2026-06-18</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
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        <bioguideId>M001236</bioguideId>
        <fullName>Rep. Moore, Tim [R-NC-14]</fullName>
        <firstName>Tim</firstName>
        <lastName>Moore</lastName>
        <party>R</party>
        <state>NC</state>
        <district>14</district>
        <sponsorshipDate>2026-06-24</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
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        <bioguideId>T000480</bioguideId>
        <fullName>Rep. Timmons, William R. [R-SC-4]</fullName>
        <firstName>William</firstName>
        <lastName>Timmons</lastName>
        <party>R</party>
        <state>SC</state>
        <middleName>R.</middleName>
        <district>4</district>
        <sponsorshipDate>2026-06-25</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
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        <bioguideId>K000397</bioguideId>
        <fullName>Rep. Kim, Young [R-CA-40]</fullName>
        <firstName>Young</firstName>
        <lastName>Kim</lastName>
        <party>R</party>
        <state>CA</state>
        <district>40</district>
        <sponsorshipDate>2026-06-29</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>D000594</bioguideId>
        <fullName>Rep. De La Cruz, Monica [R-TX-15]</fullName>
        <firstName>Monica</firstName>
        <lastName>De La Cruz</lastName>
        <party>R</party>
        <state>TX</state>
        <district>15</district>
        <sponsorshipDate>2026-06-30</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>K000402</bioguideId>
        <fullName>Rep. Kennedy, Timothy M. [D-NY-26]</fullName>
        <firstName>Timothy</firstName>
        <lastName>Kennedy</lastName>
        <party>D</party>
        <state>NY</state>
        <middleName>M.</middleName>
        <district>26</district>
        <sponsorshipDate>2026-07-06</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>M001224</bioguideId>
        <fullName>Rep. Moran, Nathaniel [R-TX-1]</fullName>
        <firstName>Nathaniel</firstName>
        <lastName>Moran</lastName>
        <party>R</party>
        <state>TX</state>
        <district>1</district>
        <sponsorshipDate>2026-07-06</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
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    <subjects>
      <legislativeSubjects>
        <item>
          <name>Corporate finance and management</name>
          <updateDate>2026-07-02T13:45:26Z</updateDate>
        </item>
        <item>
          <name>Financial services and investments</name>
          <updateDate>2026-07-02T13:35:22Z</updateDate>
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        <item>
          <name>Licensing and registrations</name>
          <updateDate>2026-07-02T13:44:51Z</updateDate>
        </item>
        <item>
          <name>Securities</name>
          <updateDate>2026-07-02T13:45:03Z</updateDate>
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          <name>Wages and earnings</name>
          <updateDate>2026-07-02T13:35:29Z</updateDate>
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      </legislativeSubjects>
      <policyArea>
        <name>Finance and Financial Sector</name>
        <updateDate>2026-09-02T13:08:14Z</updateDate>
      </policyArea>
    </subjects>
    <title>Clarity for Compensation Act</title>
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        <titleType>Short Title(s) as Reported to House</titleType>
        <titleTypeCode>102</titleTypeCode>
        <title>Clarity for Compensation Act</title>
        <updateDate>2026-09-02T06:08:21Z</updateDate>
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        <title>Clarity for Compensation Act</title>
        <updateDate>2026-07-17T23:28:17Z</updateDate>
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        <titleType>Official Title as Introduced</titleType>
        <titleTypeCode>6</titleTypeCode>
        <title>To amend the Securities Exchange Act of 1934 to provide an exemption from the definition of a broker for a certain registered representative-owned personal services entity, and for other purposes.</title>
        <updateDate>2026-02-12T09:06:14Z</updateDate>
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        <titleType>Short Title(s) as Introduced</titleType>
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        <title>Clarity for Compensation Act</title>
        <updateDate>2026-02-12T04:38:21Z</updateDate>
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        <date>2026-09-01T04:00:00Z</date>
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      <actionDate>2026-09-01</actionDate>
      <text>Placed on the Union Calendar, Calendar No. 691.</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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