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Digital Equities and No Automatic Disqualifications Act

In committee: it can still change before the session ends.

US S 5140 · Senate Bill · 119th Congress

Stage
In committee
Started in
Senate
Sponsor
1
Latest action
Jul 27, 2026

What it does

The bill would prevent automatic disqualifications from registration, eligibility, or membership in self-regulatory organizations under certain financial laws unless a regulatory agency makes a case-by-case determination to apply such disqualifications. It requires the Commodity Futures Trading Commission and the Securities and Exchange Commission to jointly establish a rulemaking process within one year of enactment to ensure consistent, transparent, and public-interest-based application of disqualifying provisions across statutes like the Commodity Exchange Act, Securities Acts, Investment Company Act, and related rules. The process would mandate written notice from affected parties…

No official summary is available here. This one was written by AI from the bill’s text.

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Where it stands

  1. Introduced (Done)

    Jul 27, 2026

  2. Committee (Current step)

    In committee · Jul 27, 2026

  3. Floor (Not started)

  4. Law (Not started)

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

While a bill can still move, the questions are about people and money.

Work with this bill

Digital Equities and No Automatic Disqualifications Act | 52