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Bill115th CongressFiled Feb 7, 2017Finance and Financial Sector
H.R. 910

Fair Access to Investment Research Act of 2017

Bill journey · stage 2 of 5

Under committee review

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Law

What it doesSummary passed house amended (May 1, 2017)

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.

What just happenedMay 2, 2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Hill, J. French [R-AR-2](R-AR)Sponsor
6 cosponsors4 D2 R
Read on Congress.gov
6cosponsors2committees17actions4related bills4subjects
  1. May 2, 2017IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. May 1, 2017FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. May 1, 2017FloorH37300

    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)

  4. May 1, 2017Floor8000

    Passed/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)

  5. May 1, 2017FloorH30000

    Considered as unfinished business. (consideration: CR H2987-2988)

  6. May 1, 2017FloorH37220

    At 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.

  7. May 1, 2017FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 910.

  8. May 1, 2017FloorH30000

    Considered under suspension of the rules. (consideration: CR H2978-2980)

  9. May 1, 2017FloorH30300

    Mr. Hill moved to suspend the rules and pass the bill, as amended.

  10. May 1, 2017CalendarsH12410

    Placed on the Union Calendar, Calendar No. 59.

  11. May 1, 2017CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 115-102.

    Financial Services Committee
  12. May 1, 2017Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 115-102.

    Financial Services Committee
  13. Mar 9, 2017Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 56 - 2.

    Financial Services Committee
  14. Mar 9, 2017Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  15. Feb 7, 2017IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  16. Feb 7, 2017IntroReferralIntro-H

    Introduced in House

  17. Feb 7, 2017IntroReferral1000

    Introduced in House

Passed House amendedMay 1, 201736

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.

Introduced in HouseFeb 7, 2017

Fair Access to Investment Research Act of 2017

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.

Fair Access to Investment Research Act of 2017 — Informed