U.S. Congress legislation · 119th Congress
HB10553: Margin Eligibility Modernization Act
Status: In committee, September 24, 2026
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.
What the bill says
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.
From the introduced text, September 24, 2026:
A BILL 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. SECTION 1. Short title This Act may be cited as the Margin Eligibility Modernization Act . SECTION 2. OTC margin stock rulemaking (a) In general Not later than 90 days after the date of enactment of this Act, the Board of Governors of the Federal Reserve System shall issue a rule to amend section 220.2 of title 12, Code of Federal Regulations, to revise the definition of OTC margin stock to include any equity security traded over the counter for which there is a ready market, as defined in section 240.15c3-1(c)(11) of title 17, Code of Federal Regulations. (b) Effect of failure To issue rule If the Board of Governors of the Federal Reserve System does not issue the rule required under subsection (a) before the end of the 90-day period described in subsection (a), until such rule is issued, the definition of OTC margin stock under section 220.2 of title 12, Code of Federal Regulations, is deemed to include any equity security traded over the counter for which there is a ready market, as defined in section 240.15c3-1(c)(11) …
Sponsors
- Andrew Garbarino (R, HD-002) · primary sponsor
- Michael Lawler (R, HD-017)
Latest actions
- : Referred to the House Committee on Financial Services.
- : Introduced in House
Subjects: Finance and Financial Sector
Common questions
- What is HB10553?
- HB10553 is a bill in Congress (119th Congress): Margin Eligibility Modernization Act.
- What does HB10553 do?
- In its own words: 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.
- What is the status of HB10553?
- In committee as of September 24, 2026. Latest action: Referred to the House Committee on Financial Services. (September 24, 2026).
- Who sponsored HB10553?
- Andrew Garbarino (R, HD-002), with 1 co-sponsor.
- Where is the official record for HB10553?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/10553
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.