PlainBillCongress, translated.Legislation. Context. Public interest.Placed on the Union Calendar, Calendar No. 304.
Congressional Research Service
Version 79 · Reported to House without amendment · Jan 28, 2016
(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.
People & committees
Rep. Hill, J. French [R-AR-2] · R–AR
Legislative record
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Placed on the Union Calendar, Calendar No. 304.
Reported by the Committee on Financial Services. H. Rept. 114-401.
Reported by the Committee on Financial Services. H. Rept. 114-401.
Ordered to be Reported by the Yeas and Nays: 48 - 9.
Committee Consideration and Mark-up Session Held.
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Primary sources
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Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
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