# 119-hr-8328: Defining Dealer Act

119-hr-8328, Defining Dealer Act, is a 119th Congress bill sponsored by Rep. Donalds, Byron [R-FL-19] (R-FL); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-8328
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-8328
- Congress: 119
- Title: Defining Dealer Act
- Status: introduced
- Introduced: 2026-04-16
- Sponsor: Rep. Donalds, Byron [R-FL-19] (R-FL)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Redefines who counts as a securities dealer.** This bill would change the law so a person is a dealer only if they both buy securities from customers into their own account with an intent to resell and sell securities to customers that they bought for their own account elsewhere.

## Provisions PRIA read

- New dealer rule and order vacatur: mixed, medium. If enacted, the bill would change who counts as a "dealer" under the Securities Exchange Act. The bill would make a person a dealer only if they both (1) buy securities from customers for their own account with a view to reselling them, and (2) sell to customers securities they previously bought fo…

## Related bills

- 119-hr-6955: Main Street Capital Access Act
- 119-hr-9200: Secure the Border Act of 2026
- 119-hr-9199: Permanent Trump Secure Border Act
- 119-hr-624: RIFLE Act of 2025
- 119-hr-1915: Stop the Cartels Act
- 119-hr-8206: Homeland Security and Further Additional Continuing Appropriations Act, 2026

## Sources
- [119-hr-8328 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8328)

## Related
- [119-hr-6955: Main Street Capital Access Act](https://policyrisk.com/legislation/119-hr-6955)
- [119-hr-9200: Secure the Border Act of 2026](https://policyrisk.com/legislation/119-hr-9200)
- [119-hr-9199: Permanent Trump Secure Border Act](https://policyrisk.com/legislation/119-hr-9199)
- [119-hr-624: RIFLE Act of 2025](https://policyrisk.com/legislation/119-hr-624)
- [119-hr-1915: Stop the Cartels Act](https://policyrisk.com/legislation/119-hr-1915)
- [119-hr-8206: Homeland Security and Further Additional Continuing Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-8206)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8328 (as of 2026-09-21).