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HR 2356 114th Congress House

Fair Access to Investment Research Act of 2015

Official title: To direct the Securities and Exchange Commission to provide a safe harbor related to certain investment fund research reports, and for other purposes.

Introduced: May 15, 2015 Introduced by: Hill, J. French Republican · Arkansas See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresFinancial services and investmentsSecuritiesSecurities and Exchange Commission (SEC)
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 28, 2016
Placed on the Union Calendar, Calendar No. 304.
Jan 28, 2016
Reported by the Committee on Financial Services. H. Rept. 114-401.
May 20, 2015
Ordered to be Reported by the Yeas and Nays: 48 - 9.
May 20, 2015
Committee Consideration and Mark-up Session Held.
May 15, 2015
Referred to the House Committee on Financial Services.
May 15, 2015
Introduced in House
May 13, 2015
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
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 Latest action January 28, 2016

Placed on the Union Calendar, Calendar No. 304.

 Plain-English summary Congressional Research Service

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Fair Access to Investment Research Act of 2015

(Sec. 2) This bill directs the Securities and Exchange Commission (SEC) to revise a specified regulation to create a safe harbor for certain publications or distributions of research reports by brokers or dealers distributing securities.

The revised regulation shall declare that, even if a broker or dealer participates in the registered offering of a covered investment fund's securities, the investment fund research report shall not be deemed to constitute an offer for sale nor an offer to sell a security that is the subject of the offering pursuant to a registration statement that the issuer proposes to file, or has filed, or that is effective.

The covered investment fund research report shall indeed be deemed to satisfy the regulation's requirements as well as those of any self-regulatory organization.

The SEC shall not impose specified conditions and requirements when implementing the safe harbor.

 Related & companion bills 2
  • HR 1675 Related bill Capital Markets Improvement Act of 2016
  • HR 5983 Related bill Financial CHOICE Act of 2016
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 2356: Fair Access to Investment Research Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-2356/
MLA
"H.R. 2356: Fair Access to Investment Research Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-2356/.
Bluebook (legal)
H.R. 2356, 114th Cong. (2026), https://openamerica.io/bill/114-HR-2356/.
Markdown link
[H.R. 2356: Fair Access to Investment Research Act of 2015](https://openamerica.io/bill/114-HR-2356/)
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