House bill · 119th Congress · Latest step: Introduced
Margin Eligibility Modernization Act
Official title: To require the Board of Governors of the Federal Reserve System to amend Regulation T to include in the definition of an "OTC margin stock" certain equity securities for which there is a ready market, and for other purposes.
Sponsor: Rep. Andrew Garbarino R-NYWhere it went
- IntroducedSep 24, 2026
- Committee action—
- Passed House—
- Passed Senate—
- To the President—
- Became law—
Latest action: Sep 24, 2026 — Referred to the House Committee on Financial Services.
Cost and committee reports
Official records Congress.gov attaches to H.R. 10553.
- Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. GARBARINO, as printed in the Congressional Record (Vol. 172, No. 152, September 24, 2026, Page H6005):Article I, Section 8Source: Congress.gov, Congressional Record September 24, 2026 ↗
Evidence
- Field in the Congress.gov record
- constitutionalAuthorityStatementText
- Statement length
- 20 characters
- Congress.gov bill record
- H.R. 10553, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/10553
- Record last updated by Congress.gov
- October 10, 2026
- PORKER copy retrieved
- October 10, 2026
- Stored copy, SHA-256 of the file
1ae9a0b1a025395ccbcc9ee5cc990a4d14592237b119269cb69691473f2e0a51
PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.
Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of October 10, 2026). Not every bill gets one.
From the Congress.gov bill record for H.R. 10553, last updated October 10, 2026. PORKER’s copy was retrieved October 10, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.
Vote results
No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).
Cosponsors
1 cosponsor — 1 Republican
0 of 1 cosponsors (0%) are from the other party.
More from the sponsor
Other 119th Congress bills sponsored by Rep. Andrew Garbarino.
- H.R. 2096 (119th) Protecting Our Nation’s Capital Emergency Act
- H.R. 9391 (119th) Reimbursable Screening Services Program Extension Act of 2026
- H.R. 5061 (119th) Counter-UAS Authority Security, Safety, and Reauthorization Act
- H.R. 5577 (119th) NFIP Extension Act of 2026
- H.R. 4130 (119th) Small Business Relief Act
- H.R. 5079 (119th) Widespread Information Management for the Welfare of Infrastructure and Government Act
Sponsor’s state and district
Data as of Oct 19, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.