Defining Dealer Act
To amend the Securities Exchange Act of 1934 to provide a definition for dealer.
HB8328, also known as the Defining Dealer Act, proposes to amend the Securities Exchange Act of 1934 by providing a clear definition for the term "dealer." This bill aims to ensure that all parties involved in securities trading understand what constitutes a dealer, potentially improving regulatory oversight and compliance. This definition would affect anyone involved in securities trading, including financial institutions, brokers, and individual traders.
As of April 16, 2026, HB8328 has been introduced in the House and referred to the House Committee on Financial Services. This means it has entered the legislative process and is now under review by the relevant committee. Key actions so far include its introduction and referral, with further steps pending the committee's review and recommendations.
Recent history highlights for HB8328 include its introduction on April 16, 2026, and its immediate referral to the House Committee on Financial Services. This marks the beginning of the bill's journey through the legislative process, where it will be scrutinized and potentially amended before any further action is taken.
