Fair Access to Investment Research Act of 2015
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 is prohibited from imposing specified conditions and requirements when implementing the safe harbor.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2016-01-28 | Calendars | Placed on the Union Calendar, Calendar No. 304. | House floor actions |
| 2016-01-28 | Committee | Reported by the Committee on Financial Services. H. Rept. 114-401. | House floor actions |
| 2015-05-20 | Committee | Ordered to be Reported by the Yeas and Nays: 48 - 9. | House committee actions |
| 2015-05-20 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2015-05-15 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2015-05-15 | IntroReferral | Introduced in House | Library of Congress |
| 2015-05-13 | Committee | Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral. | House committee actions |