Fair Access to Investment Research Act of 2017
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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2017-10-06 | President | Became Public Law No: 115-66. | House floor actions |
| 2017-10-06 | President | Signed by President. | House floor actions |
| 2017-09-29 | Floor | Presented to President. | House floor actions |
| 2017-09-27 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2017-09-27 | Floor | On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H7547-7548) | House floor actions |
| 2017-09-27 | Floor | DEBATE - The House proceeded with forty minutes of debate on S. 327. | House floor actions |
| 2017-09-27 | Floor | Considered under suspension of the rules. (consideration: CR H7547-7549) | House floor actions |
| 2017-09-27 | Floor | Mr. Hill moved to suspend the rules and pass the bill. | House floor actions |
| 2017-09-12 | Floor | Held at the desk. | House floor actions |
| 2017-09-12 | Floor | Message on Senate action sent to the House. | Senate |
| 2017-09-12 | Floor | Received in the House. | House floor actions |
| 2017-09-11 | Floor | Passed Senate with amendments by Unanimous Consent. (text: CR S5167-5168) | Senate |
| 2017-09-11 | Floor | Measure laid before Senate by unanimous consent. (consideration: CR S5166-5168) | Senate |
| 2017-03-13 | Calendars | Placed on Senate Legislative Calendar under General Orders. Calendar No. 11. | Senate |
| 2017-03-13 | Committee | Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo with amendments. Without written report. | Senate |
| 2017-03-09 | Committee | Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment favorably. | Senate |
| 2017-02-07 | IntroReferral | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2017-02-07 | IntroReferral | Introduced in Senate | Library of Congress |