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HR 2356 114th Congress House Finance and Financial Sector Administrative law and regulatory procedures Financial services and investments Securities Securities and Exchange Commission (SEC)

Fair Access to Investment Research Act of 2015

Introduced: May 15, 2015 Introduced by: Hill, J. French Republican · Arkansas See on congress.gov
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 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.
 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.

What's happening now January 28, 2016

Placed on the Union Calendar, Calendar No. 304.

 Committees of jurisdiction 2