# 116-hr-8378: Securities Clarity Act

116-hr-8378, Securities Clarity Act, is a 116th Congress bill sponsored by Rep. Emmer, Tom [R-MN-6] (R-MN); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-8378
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-8378
- Congress: 116
- Title: Securities Clarity Act
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2020-09-24
- Sponsor: Rep. Emmer, Tom [R-MN-6] (R-MN)
- Cosponsors: 3
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Securities Clarity Act This bill excludes an investment contract asset as being considered a security, including for disclosure and registration purposes. An investment contract asset as defined by the bill is a tangible or intangible asset sold pursuant to an investment contract that is not otherwise considered a security.

## Cosponsors (3)

- Rep. Conaway, K. Michael [R-TX-11] (R-TX), 2020-09-24T00:00:00.000Z
- Rep. Soto, Darren [D-FL-9] (D-FL), 2020-09-24T00:00:00.000Z
- Rep. Khanna, Ro [D-CA-17] (D-CA), 2020-09-24T00:00:00.000Z

## Related bills

- 116-hr-3589: Greg LeMond Congressional Gold Medal Act
- 116-hr-3495: Improve Well-Being for Veterans Act
- 116-hr-1379: Ensuring Lasting Smiles Act
- 116-hr-8489: PRICE Act
- 116-hr-8373: Digital Commodity Exchange Act of 2020
- 116-hr-7642: Coronavirus Economic Relief for Transportation Services Act

## Sources
- [116-hr-8378 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/8378)

## Related
- [116-hr-3589: Greg LeMond Congressional Gold Medal Act](https://policyrisk.com/legislation/116-hr-3589)
- [116-hr-3495: Improve Well-Being for Veterans Act](https://policyrisk.com/legislation/116-hr-3495)
- [116-hr-1379: Ensuring Lasting Smiles Act](https://policyrisk.com/legislation/116-hr-1379)
- [116-hr-8489: PRICE Act](https://policyrisk.com/legislation/116-hr-8489)
- [116-hr-8373: Digital Commodity Exchange Act of 2020](https://policyrisk.com/legislation/116-hr-8373)
- [116-hr-7642: Coronavirus Economic Relief for Transportation Services Act](https://policyrisk.com/legislation/116-hr-7642)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-8378 (as of 2025-11-18).