Servicemembers and Veterans Empowerment and Support Act of 2025

House Bill

H.R. 2576

119th Congress

Servicemembers and Veterans Empowerment and Support Act of 2025

In Committee

Introduced:Sep 3, 2025

Primary Sponsor

Chellie Pingree

Representative

Democratic

ME-1

Cosponsors

0

Quick Stats

Policy Area

Finance and Financial Sector

Summary

This bill would allow financial firms to publish research reports about proposed public offerings without having to register those offerings with securities regulators. This exception currently only applies to reports on emerging growth companies, but this bill would expand it to all companies.

Latest Action

Referred to the House Committee on Financial Services.

AI Summary

Plain-English explanation of this bill

This bill would allow financial firms to publish research reports about proposed public offerings without having to register those offerings with securities regulators. This exception currently only applies to reports on emerging growth companies, but this bill would expand it to all companies.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

<p>This bill allows a securities broker or dealer to publish or distribute a research report on a proposed public offering by any issuer without it being considered an offer to sell securities for purposes of registration requirements. Currently, only reports published or distributed regarding a proposed public offering by an emerging growth company fall under this exception.</p>

Key Points

Main provisions of the bill

Allows financial firms to publish research reports on any proposed public offering without having to register the offering with regulators
Expands an existing exception that currently only applies to reports on emerging growth companies
Aims to make it easier for financial firms to provide research and analysis on proposed stock offerings

How This Impacts Americans

Potential effects on citizens and communities

This bill would primarily affect financial firms like investment banks and brokerage houses, as well as companies looking to raise money through public stock offerings. It could make it easier and more affordable for those companies to get their offerings analyzed and publicized, but could also reduce scrutiny and transparency around those offerings.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

2576, 119th Congress (2025). "Servicemembers and Veterans Empowerment and Support Act of 2025". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-2576