119th Congress · HOUSE BILLBILL

H.R. 7127 — 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 Jan 16, 2026

Last action Mar 25, 2026

Pipeline · Bill → Law

Step 1

Introduced

Jan 16, 2026

Step 2

Referred

Jan 16, 2026

Financial Services

Step 3

Committee

Mar 4, 2026

Reported out

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 sectionsReported to House

2 versions

Reported to House · 2 provisions

AmendmentAI

Timeline · 6 actions

Mar 25, 2026

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-573.

Mar 25, 2026

Placed on the Union Calendar, Calendar No. 493.

Mar 4, 2026

Committee Consideration and Mark-up Session Held

Mar 4, 2026

Ordered to be Reported by the Yeas and Nays: 26 - 17.

Jan 16, 2026

Introduced in House

Jan 16, 2026

Referred to the House Committee on Financial Services.