118th Congress · HOUSE BILLBILL

H.R. 2506 — Restoring the Secondary Trading Market Act

“To 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.”

Finance and financial sector

Introduced Apr 6, 2023

Last action Apr 6, 2023

Pipeline · Bill → Law

Step 1

Introduced

Apr 6, 2023

Step 2

Referred

Apr 6, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill prohibits states from banning, limiting, or imposing conditions upon off-exchange secondary trading of securities. This prohibition applies if the issuer of those securities provides public information on the issuer's financial status in accordance with federal regulations.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Apr 6, 2023

Introduced in House

Apr 6, 2023

Referred to the House Committee on Financial Services.