Bill · H.R. 7187· House(119-HR-7187)

Clarity for Compensation Act

Age: 47 years

Iowa

Introduced: 1/21/2026
Last activity: 9/1/2026 — Placed on the Union Calendar, Calendar No. 691.
Sponsored by: Zachary Nunn
Cosponsors: - 8 - 4

Finance and Financial Sector

Introduced
On Calendar

What this bill would do

This bill is known as the Clarity for Compensation Act. It amends the Securities Exchange Act of 1934 to give a specific exemption from the definition of a broker. This exception applies to certain personal services entities that are owned by a registered representative. The bill sets strict rules regarding how these personal services entities can receive compensation on behalf of the representative. It also outlines requirements for oversight, recordkeeping, and dispute resolution for these entities. The provisions of this Act take effect 180 days after the date of its enactment.

Yes· 3 of 6

Would business owners be better off under this?+5
Directly benefits owners of personal services entities by exempting them from being classified as brokers.
Would high-income households be better off under this?+3
Beneficial for registered representatives who use personal services entities for compensation.
Would people with substantial wealth be better off under this?+3
Beneficial for high-earning registered representatives and their families.