Restoring the Secondary Trading Market Act

This bill amends the Securities Act of 1933 to prevent states from restricting off-exchange secondary trading in securities. It directly affects small businesses and issuers that publicly disclose required financial information, such as periodic reports under SEC rules (17 CFR §230.257) or specific documents under §15c2-11. The key provision prohibits states from imposing conditions or limitations on this trading when issuers meet federal disclosure requirements. The bill aims to create a more uniform market for secondary trading without state-level barriers.