Fair Access to Investment Research Act of 2017
- Last Action
- 5/2/2017
Actions
- 2017-05-02Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2017-05-01Motion to reconsider laid on the table Agreed to without objection.
- 2017-05-01On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 405 - 2 (Roll no. 237). (text: CR H2978-2979)
- 2017-05-01Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 405 - 2 (Roll no. 237).(text: CR H2978-2979)
- 2017-05-01Considered as unfinished business. (consideration: CR H2987-2988)
- 2017-05-01At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
- 2017-05-01DEBATE - The House proceeded with forty minutes of debate on H.R. 910.
- 2017-05-01Considered under suspension of the rules. (consideration: CR H2978-2980)
- 2017-05-01Mr. Hill moved to suspend the rules and pass the bill, as amended.
- 2017-05-01Placed on the Union Calendar, Calendar No. 59.
- 2017-05-01Reported (Amended) by the Committee on Financial Services. H. Rept. 115-102.
- 2017-05-01Reported (Amended) by the Committee on Financial Services. H. Rept. 115-102.
- 2017-03-09Ordered to be Reported (Amended) by the Yeas and Nays: 56 - 2.
- 2017-03-09Committee Consideration and Mark-up Session Held.
- 2017-02-07Referred to the House Committee on Financial Services.
Showing 15 of 17 actions. Full history on Congress.gov.
CRS Summary
As of 2017-05-01 (36)
Fair Access to Investment Research Act of 2017
(Sec. 2) This bill directs the Securities and Exchange Commission (SEC) to establish and implement a "safe harbor" for certain investment fund research reports published by brokers and dealers. Such reports shall be deemed not to be "offers" under specified provisions of securities law, even if the broker or dealer participates in the registered offering of the investment fund's securities.
In implementing the safe harbor, the SEC must prohibit a self-regulatory organization from maintaining or enforcing a rule that would prevent a member from: (1) publishing or distributing a covered investment fund research report solely because the member is also participating in a registered offering of the fund, or (2) participating in a registered offering of a covered investment fund solely because the member has published a research report about the fund.
The bill restricts the SEC from conditioning the safe harbor upon specified requirements.
Cosponsors (6)
- Bill Foster (D-IL)
- Trey Hollingsworth (R-IN)
- Lisa Blunt Rochester (D-DE)
- Josh Gottheimer (D-NJ)
- BRAD SHERMAN (D-CA)
- Luke Messer (R-IN)
Subjects
- Administrative law and regulatory procedures
- Financial services and investments
- Securities
- Securities and Exchange Commission (SEC)
Sourced from Congress.gov (public domain).
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