119 HR 7127 RH: Restoring the Secondary Trading Market Act U.S. House of Representatives 2026-03-25 text/xml EN 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.

IBUnion Calendar No. 493119th CONGRESS2d SessionH. R. 7127[Report No. 119–573]IN THE HOUSE OF REPRESENTATIVESJanuary 16, 2026Mr. Meuser introduced the following bill; which was referred to the Committee on Financial ServicesMarch 25, 2026Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printedStrike out all after the enacting clause and insert the part printed in italicFor text of introduced bill, see copy of bill as introduced on January 16, 2026A BILLTo amend the Securities Act of 1933 to exempt off-exchange secondary trading from State regulation where such trading is with respect to securities of an issuer that makes publicly available certain current information, and for other purposes.

1.

Short title

This Act may be cited as the Restoring the Secondary Trading Market Act.

2.

Exemption from State regulation

Section 18(a) of the Securities Act of 1933 (15 U.S.C. 77r(a)) is amended—(1)in paragraph (2), by striking or at the end;(2)in paragraph (3), by striking the period at the end and inserting ; or; and(3)by adding at the end the following:(4)shall directly or indirectly prohibit, limit, or impose any conditions upon the off-exchange secondary trading (as such term is defined by the Commission) in securities of an issuer that makes current information publicly available, including—(A)the information required in the periodic and current reports described under paragraph (b) of section 230.257 of title 17, Code of Federal Regulations; or(B)the documents and information specified in paragraph (b) of section 15c2–11 of title 17, Code of Federal Regulations..

March 25, 2026Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed