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S 327 115th Congress Senate 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 See on congress.gov
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 Everywhere this bill has been 20 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 6, 2017
Became Public Law No: 115-66.
Oct 6, 2017
Signed by President.
Sep 29, 2017
Presented to President.
Sep 27, 2017
Motion to reconsider laid on the table Agreed to without objection.
Sep 27, 2017
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H7547-7548)
Sep 27, 2017
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H7547-7548)
Sep 27, 2017
DEBATE - The House proceeded with forty minutes of debate on S. 327.
Sep 27, 2017
Considered under suspension of the rules. (consideration: CR H7547-7549)
Sep 27, 2017
Mr. Hill moved to suspend the rules and pass the bill.
Sep 12, 2017
Held at the desk.
Sep 12, 2017
Message on Senate action sent to the House.
Sep 12, 2017
Received in the House.
Sep 11, 2017
Passed Senate with amendments by Unanimous Consent. (text: CR S5167-5168)
Sep 11, 2017
Passed/agreed to in Senate: Passed Senate with amendments by Unanimous Consent.(text: CR S5167-5168)
Sep 11, 2017
Measure laid before Senate by unanimous consent. (consideration: CR S5166-5168)
Mar 13, 2017
Placed on Senate Legislative Calendar under General Orders. Calendar No. 11.
Mar 13, 2017
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo with amendments. Without written report.
Mar 9, 2017
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment favorably.
Feb 7, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 7, 2017
Introduced in Senate
 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.

The safe harbor shall generally not apply to reports about a business development company or a registered closed-end investment company published by a broker or dealer during a specified time frame.

What's happening now October 6, 2017

Became Public Law No: 115-66.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1