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Securities Research Modernization Act
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.
Read the Full Bill
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
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 3672
Primary Policy Focus
Finance and Financial SectorAlternate 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.
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.
Comments
Nyra Terry
464
6 months ago
I think this bill is a good idea. It will help make things better for everyone. I'm glad they are working on this.
Sol Roach
405
4 months ago
This bill is so bad, it's gonna hurt us all. I can't believe they're doing this to us. Who's gonna be affected by this mess?
Sponsors and Cosponsors of HR 3672
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