House bill · 119th Congress · Latest step: Introduced
Securities Clarity Act of 2025
Official title: To amend the securities laws to exclude investment contract assets from the definition of a security.
Sponsor: Rep. Tom Emmer R-MNWhere it went
- IntroducedMar 26, 2025
- Committee action—
- Passed House—
- Passed Senate—
- To the President—
- Became law—
Latest action: Mar 26, 2025 — Referred to the House Committee on Financial Services.
Cost and committee reports
Official records Congress.gov attaches to H.R. 2365.
- Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. EMMER, as printed in the Congressional Record (Vol. 171, No. 55, March 26, 2025, Page H1302):Article 1, Section 8Source: Congress.gov, Congressional Record March 26, 2025 ↗
Evidence
- Field in the Congress.gov record
- constitutionalAuthorityStatementText
- Statement length
- 20 characters
- Congress.gov bill record
- H.R. 2365, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/2365
- Record last updated by Congress.gov
- August 6, 2025
- PORKER copy retrieved
- September 13, 2026
- Stored copy, SHA-256 of the file
6ebe41ae4ca6acbf1f52d03fccb2a026cd1c7a25a395c37986b51e1ea6843f84
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 August 6, 2025). Not every bill gets one.
From the Congress.gov bill record for H.R. 2365, last updated August 6, 2025. PORKER’s copy was retrieved September 13, 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 Democrat
1 of 1 cosponsors (100%) are from the other party.
More from the sponsor
Other 119th Congress bills sponsored by Rep. Tom Emmer.
- H.R. 1919 (119th) Anti-CBDC Surveillance State Act
- H.R. 3234 (119th) Keeping Deposits Local Act
- H.R. 2184 (119th) Firearm Due Process Protection Act of 2025
- H.R. 7030 (119th) Securing Facilities for Mental Health Services Act
- H.R. 4398 (119th) Veteran Burial Timeliness and Death Certificate Accountability Act
- H.R. 7156 (119th) SCAM Act
Sponsor’s state and district
Data as of Sep 13, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.