3.0.0 5019 2023-01-11T13:31:35Z 2023-01-11T13:31:35Z House HR 2016-04-21 114 [Congressional Record Volume 162, Number 62 (Thursday, April 21, 2016)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HILL:H.R. 5019.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3[Page H1923]]]> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2016-05-09T20:36:40Z hsba00 Financial Services Committee House Standing Referred to 2016-04-21T13:01:45Z Capital Markets Improvement Act of 2016 114 1675 HR 2016-02-04 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS Financial CHOICE Act of 2016 114 5983 HR 2016-12-20 Placed on the Union Calendar, Calendar No. 693. Related bill CRS Fair Access to Investment Research Act of 2016 114 3092 S 2016-06-23 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Identical bill CRS 2016-05-09 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2016-04-28 13:39:23 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2016-04-28 13:39:22 On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 411 - 6 (Roll no. 175). (text: CR 4/26/2016 H1950) Floor H37300 2 House floor actions 175 https://clerk.house.gov/evs/2016/roll175.xml House 114 2016-04-28T17:39:22Z 2 2016-04-28 13:39:22 Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 411 - 6 (Roll no. 175).(text: CR 4/26/2016 H1950) Floor 8000 9 Library of Congress 175 https://clerk.house.gov/evs/2016/roll175.xml House 114 2016-04-28T17:39:22Z 2 2016-04-28 13:32:55 Considered as unfinished business. (consideration: CR H2081) Floor H30000 2 House floor actions 2016-04-26 15:21:17 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. Floor H37220 2 House floor actions 2016-04-26 15:09:58 DEBATE - The House proceeded with forty minutes of debate on H.R. 5019. Floor H8D000 2 House floor actions 2016-04-26 15:09:55 Considered under suspension of the rules. (consideration: CR H1950-1952) Floor H30000 2 House floor actions 2016-04-26 15:09:23 Mr. Garrett moved to suspend the rules and pass the bill. Floor H30300 2 House floor actions 2016-04-21 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2016-04-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2016-04-21 Introduced in House IntroReferral 1000 9 Library of Congress H001072 Rep. Hill, J. French [R-AR-2] J. Hill R AR French 2 N C001083 Rep. Carney, John C., Jr. [D-DE-At Large] John Carney D DE C. 0 2016-04-21 True Finance and Financial Sector Administrative law and regulatory procedures Financial services and investments Securities Securities and Exchange Commission (SEC) Finance and Financial Sector 00 2016-04-21 Introduced in House 2016-04-26T14:36:57Z Fair Access to Investment Research Act of 2016

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 a published or distributed investment fund research report shall not be deemed to constitute an offer for sale or an offer to sell a security that is the subject of the offering pursuant to an effective registration statement, even if the broker or dealer is participating or will participate in the registered offering of the covered investment fund's securities.

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.

Until the SEC has adopted such safe harbor revisions, and the Financial Industry Regulatory Authority (FINRA) has revised a related rule, a covered investment fund shall be deemed to be a security listed on a national securities exchange that is not subject to a certain filing requirement of the Investment Company Act of 1940.

]]> 81 2016-04-28 Passed House without amendment 2016-05-04T14:22:13Z (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 2016

(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 a published or distributed investment fund research report shall not be deemed to constitute an offer for sale or an offer to sell a security that is the subject of the offering pursuant to an effective registration statement, even if the broker or dealer is participating or will participate in the registered offering of the covered investment fund's securities.

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.

Until the SEC has adopted such safe harbor revisions, and the Financial Industry Regulatory Authority (FINRA) has revised a related rule, a covered investment fund shall be deemed to be a security listed on a national securities exchange that is not subject to a certain filing requirement of the Investment Company Act of 1940.

]]> Fair Access to Investment Research Act of 2016 Display Title Fair Access to Investment Research Act of 2016 Official Title as Introduced To direct the Securities and Exchange Commission to provide a safe harbor related to certain investment fund research reports, and for other purposes. Introduced in House IH Short Titles as Introduced Fair Access to Investment Research Act of 2016 Short Titles as Passed House Fair Access to Investment Research Act of 2016 H House Referred in Senate 2016-05-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr5019rfs/xml/BILLS-114hr5019rfs.xml Engrossed in House 2016-04-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr5019eh/xml/BILLS-114hr5019eh.xml Introduced in House 2016-04-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr5019ih/xml/BILLS-114hr5019ih.xml 2016-05-09 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.