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House Bill 2506
118th Congress(2023-2024)
Restoring the Secondary Trading Market Act
Introduced
Introduced
Introduced in House on Apr 6, 2023
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Introduced in House 
Apr 6, 2023
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Introduced in House(Apr 6, 2023)
Apr 6, 2023
No Linkage Found
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
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H. R. 2506 (Introduced-in-House)


118th CONGRESS
1st Session
H. R. 2506


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.

IN THE HOUSE OF REPRESENTATIVES

April 6, 2023

Mr. Meuser introduced the following bill; which was referred to the Committee on Financial Services

A BILL

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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

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

SEC. 2. Exemption from State regulation.

Section 18(a) of the Securities Act of 1933 (15 U.S.C. 77r(b)(4)) 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 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.”.