To amend the securities laws to exclude investment contract assets from the definition of a security.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the securities laws to exclude investment contract assets from the definition of a security., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H34E1A84E49AB4FBA870682D5CB598A93: 1. Short title This Act may be referred to as the Securities Clarity Act of 2025.
- Section HC468424A799D483E9078DA1B7AF82DA4: 2. Treatment of investment contract assets Section 2(a) of the Securities Act of 1933 (15 U.S.C. 77b(a)) is amended— in paragraph (1), by adding at the end the...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the securities laws to exclude investment contract assets from the definition of a security., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance
Primary Purpose
This bill, To amend the securities laws to exclude investment contract assets from the definition of a security., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Tom Emmer
R-MN | Primary Sponsor
Legislative Progress
IntroducedMr. Emmer (for himself and Mr. Soto) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
Key Definitions
Terms defined in this bill
a fungible digital representation of value—(A)that can be exclusively possessed and transferred, person to person, without necessary reliance on an intermediary, and is recorded on a cryptographically secured public distributed ledger
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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