I
118THCONGRESS
1
STSESSION H. R. 2576
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.
IN THE HOUSE OF REPRESENTATIVES
APRIL13, 2023
Mr. W
ILLIAMSof 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.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. PROVISION OF RESEARCH. 3
Section 2(a)(3) of the Securities Act of 1933 (15 4
U.S.C. 77b(a)(3)) is amended— 5
(a) by striking ‘‘an emerging growth company’’ and 6
inserting ‘‘an issuer’’; 7
(b) by striking ‘‘the common equity’’ and inserting 8
‘‘any’’; and 9
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•HR 2576 IH
(c) by striking ‘‘such emerging growth company’’ and 1
inserting ‘‘such issuer’’. 2
Æ
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