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Restoring the Secondary Trading Market Act (H.R. 7127)

Introduced
Introduced 1/16/2026•119th Congress•House
Congress.gov

Latest Action

Placed on the Union Calendar, Calendar No. 493.

3/25/2026 • House

Summary

Restoring the Secondary Trading Market Act

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.

Reported to House • 3/25/2026

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Topics & Subjects

Policy Area: Finance and Financial Sector
Business recordsCorporate finance and managementFinancial services and investmentsSecuritiesState and local government operations

CBO Cost Estimates (1)

H.R. 7127, Restoring the Secondary Trading Market Act

As reported by the House Committee on Financial Services on March 25, 2026

Published: July 16, 2026

Congressional Votes (0)

No recorded votes yet

Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (1)

Sponsor

R[
Rep. Meuser, Daniel [R-PA-9]

Republican • PA-9

Sponsored 1/16/2026

No cosponsors yet

Cosponsors may be added as the bill moves through Congress

Bill Journey

Originated in the House

Introduced

January 16, 2026

Committee Review

March 4, 2026

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

Floor Debate

Passed Chamber

Other Chamber

President

Enacted into Law

Text Versions (2)

Reported in House3/25/2026
Formatted TextPDFFormatted XML
Introduced in House1/16/2026
Formatted TextPDFFormatted XML

Committee Reports (1)

H. Rept. 119-573

Committee

Financial Services Committee

House

View committee →

Details

Bill TypeHR
Current StatusIntroduced
Cosponsors0
View on Congress.gov

Sources and method

· Record updated Jul 16, 2026
  • Congress.govLibrary of Congress
    Status, actions, sponsors, cosponsors, committees and text
    Record updated Jul 16, 2026 · Loaded Oct 30, 2026, 1:50 PM ET
  • CRS bill summaryCongressional Research Service, via Congress.gov
    Official summary
    Summary of the “Reported to House” version, Mar 25, 2026 · Loaded Oct 30, 2026, 1:50 PM ET
  • CBO cost estimatesCongressional Budget Office
    Cost estimates
    Latest estimate Jul 16, 2026 · Loaded Oct 30, 2026, 1:50 PM ET
  • USAspending.govU.S. Department of the Treasury
    Related Federal Spending section
  • FEC filingsFederal Election Commission
    Funding & Lobbying section
  • Lobbying disclosures (LDA)Secretary of the Senate and Clerk of the House
    Funding & Lobbying section

All sources: Public domain (17 U.S.C. § 105) · Method: Data sources → · Campaign finance →

AI-written text on this page is labeled where it appears. It is written from the sources above and is not a source itself. How we analyze data →

Dates shown where the source reports one. “Loaded” is when CIV.IQ last fetched the record.

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