House Bill 7187
119th Congress(2025-2026)
Clarity for Compensation Act
Introduced
Introduced in House on Jan 21, 2026
Bill Intelligence
The "Clarity for Compensation Act" amends the Securities Exchange Act of 1934 to exempt personal services entities owned by registered representatives from being classified as brokers for receiving compensation from the representative's broker. The change stipulates that these entities will not be considered brokers as long as the representative's broker directs and approves the payment amount and timing, and maintains records of the payments. This bill aims to provide clarity in defining the broker status for such entities and its impact is primarily on regulations pertaining to financial services and securities.
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Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
7187
Congress
119
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
Summary
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09/01/2026
Placed on the Union Calendar, Calendar No. 691.
09/01/2026
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-791.
06/30/2026
Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 0.
06/30/2026
Committee Consideration and Mark-up Session Held
01/21/2026
Referred to the House Committee on Financial Services.
01/21/2026
Introduced in House
Public Record
Record Updated
Sep 2, 2026 1:08:14 PM