01 — The Text
What.
- This bill updates rules that govern how financial research about companies and stocks is conducted and shared with investors.
- It aims to modernize outdated regulations that haven't kept pace with how financial markets and technology have changed since they were originally written.
02 — The Stakes
So what?
- This affects investment firms, stock brokers, and everyday people who invest in stocks or retirement accounts, as it changes how they receive information about investment options.
- Better, more current research rules could help investors make more informed decisions, though the specific impacts depend on what changes the bill actually makes.
03 — The Path
Now what?
- The bill has passed the House Financial Services Committee and is scheduled for a full House vote.
- Citizens can contact their House representative to share their views on financial market regulations and research transparency.
Legislative History
Actions.
- Jul 15, 2025 — Placed on the Union Calendar, Calendar No. 167.
- Jul 15, 2025 — Reported (Amended) by the Committee on Financial Services. H. Rept. 119-204.
- Jul 15, 2025 — Reported (Amended) by the Committee on Financial Services. H. Rept. 119-204.
- Jun 10, 2025 — Ordered to be Reported (Amended) by the Yeas and Nays: 31 - 19.
- Jun 10, 2025 — Committee Consideration and Mark-up Session Held
- Jun 2, 2025 — Referred to the House Committee on Financial Services.
- Jun 2, 2025 — Introduced in House
- Jun 2, 2025 — Introduced in House