Securities Research Modernization Act

Hozzl · 2025-08-09T18:41:14Z

Explore the details of House Bill 3672 Securities Research Modernization Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

8/9/2025, 6:41 PM

Summary of Bill HR 3672

H.R. 3672, introduced in the 119th session of Congress on June 2, 2025, aims to amend the Securities Act of 1933 by broadening the research report exception to encompass reports regarding any issuer preparing for a public securities offering.

Congressional Summary of HR 3672

Securities Research Modernization Act

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.

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Current Status of Bill HR 3672

Bill HR 3672 is currently in the status of Bill Introduced since June 2, 2025. Bill HR 3672 was introduced during Congress 119 and was introduced to the House on June 2, 2025. Bill HR 3672's most recent activity was Placed on the Union Calendar, Calendar No. 167. as of July 15, 2025

Bipartisan Support of Bill HR 3672

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 3672

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 3672

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.