Skip to main content
HR 910 115th 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 2017

Introduced: February 7, 2017 Introduced by: Hill, J. French Republican · Arkansas See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 15 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 2, 2017
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 1, 2017
Motion to reconsider laid on the table Agreed to without objection.
May 1, 2017
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)
May 1, 2017
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)
May 1, 2017
Considered as unfinished business. (consideration: CR H2987-2988)
May 1, 2017
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.
May 1, 2017
DEBATE - The House proceeded with forty minutes of debate on H.R. 910.
May 1, 2017
Considered under suspension of the rules. (consideration: CR H2978-2980)
May 1, 2017
Mr. Hill moved to suspend the rules and pass the bill, as amended.
May 1, 2017
Placed on the Union Calendar, Calendar No. 59.
May 1, 2017
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-102.
Mar 9, 2017
Ordered to be Reported (Amended) by the Yeas and Nays: 56 - 2.
Mar 9, 2017
Committee Consideration and Mark-up Session Held.
Feb 7, 2017
Referred to the House Committee on Financial Services.
Feb 7, 2017
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
May 1, 2017 House · vote #237 On Motion to Suspend the Rules and Pass, as Amended Passed 405–2 See who voted →
 Plain-English summary Congressional Research Service

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's happening now May 2, 2017

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

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Democratic 4