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

119th Congress · introduced 2026-01-16 · Finance and Financial Sector · Latest: Placed on the Union Calendar, Calendar No. 493.

federal

What does this mean?

Official title

Restoring the Secondary Trading Market Act

Plain 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.

Congressional Research Service summary (Reported to House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

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What does this mean? (plain words)

Official text

Restoring the Secondary Trading Market Act

Source: Congressional Research Service summary (Reported to House)

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The strongest published arguments

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Officials and money

Sponsor: Rep. Meuser, Daniel [R-PA-9] · 0 cosponsors

Cost estimate: CBO cost estimate: H.R. 7127, Restoring the Secondary Trading Market Act (2026-07-16)

Sponsor's campaign money: Rep. Meuser, Daniel [R-PA-9] reported raising $2.1 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Words on this page, explained (3)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Reported to House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr7127.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>

Record fed-us-cong119-hr7127 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills