[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9605 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 9605

   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.


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                    IN THE HOUSE OF REPRESENTATIVES

                           December 15, 2022

Mr. Williams of Texas introduced the following bill; which was referred 
                 to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
   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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PROVISION OF RESEARCH.

    Section 2(a)(3) of the Securities Act of 1933 (15 U.S.C. 77b(a)(3)) 
is amended--
     (a) by striking ``an emerging growth company'' and inserting ``an 
issuer'';
    (b) by striking ``the common equity'' and inserting ``any''; and
    (c) by striking ``such emerging growth company'' and inserting 
``such issuer''.
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