To amend the Securities Act of 1933 to expand the research report exception to include reports about any issuer that undertakes a proposed offering of public securities.

Bill: 117-hr-9605
Sponsor: full_name: Rep. Williams, Roger [R-TX-25]
Introduced: 2022-12-15
Policy area: Finance and Financial Sector
Latest action: action_date: 2022-12-15
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2022-12-15
action_desc: Introduced in House
text: <p>This bill allows a securities broker or dealer to publish or distribute a research report on a proposed public offering without it being considered an offer to sell securities for purposes of registration requirements. Currently, reports regarding a proposed public offering by an emerging growth company fall under this exception.</p>

tv_txt: I 117th CONGRESS 2d Session H. R. 9605 IN THE HOUSE OF REPRESENTATIVES December 15, 2022 Mr. Williams of Texas introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Securities Act of 1933 to expand the research report exception to include reports about any issuer that undertakes a proposed offering of public securities.

1. Provision of research Section 2(a)(3) of the Securities Act of 1933 ( 15 U.S.C. 77b(a)(3) ) is amended— (a) by striking an emerging growth company and inserting an issuer ; (b) by striking the common equity and inserting any ; and (c) by striking such emerging growth company and inserting such issuer .