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Broker Definition Clarity Bill
Recent Bills/Broker Definition Clarity Bill

Broker Definition Clarity Bill

IntroducedJanuary 21, 2026
In House17 days ago
Intro
House
Senate
Pres
Waiting for a House floor vote.
It has cleared committee and can be brought up at any time, though no date is set.
Finance and Financial SectorCorporate finance and managementLicensing and registrationsWages and earningsFinancial services and investmentsSecurities
More:Bills in the HouseEconomyHouse Bills
Why This Matters

The Clarity for Compensation Act helps certain personal services entities avoid being labeled as brokers, making it easier for registered representatives to receive payments. This change aims to streamline compensation processes in the financial industry.

If you are a registered representative, this bill could make it easier for you to receive payments without extra regulatory burdens.
Who this affects
Registered representatives · Immediate family members
What changes is this bill making?
  1. 1This bill changes the definition of a broker for certain personal services entities.
  2. 2It allows registered representatives to receive payments without being classified as brokers.
  3. 3The personal services entity must be owned by the registered representative or their family.
  4. 4The broker must oversee the payment process and maintain proper records.
  5. 5This bill aims to simplify compensation arrangements for registered representatives.
Read full document
Bill Progress2 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
House
Senate
Pres
IntroducedJan 21
Sponsors
See all 13 sponsors
HouseCurrent

Waiting for a House floor vote.

It has cleared committee and can be brought up at any time, though no date is set.

Senate
President

The President

Donald Trump
President
Awaiting Vote
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