S5003Referred to Committee

A bill to amend the Securities Exchange Act of 1934 to address registration exemptions for securities of issuers that are rural telephone companies, and for other purposes.

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-07-15
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

Tammy Baldwin
Tammy Baldwin
Democrat · WI · Senator
Votes with party: 84.3% (855 recorded votes)

Full profile: /officials/B001230

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2026-07-15

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

The bill would modify rules that allow rural telephone companies to sell securities without going through the full registration process normally required by the Securities and Exchange Commission. This change would make it easier for smaller telephone companies serving rural areas to raise money by issuing stocks or bonds while still maintaining investor protections. The measure affects rural telecommunications companies and investors who purchase their securities.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

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