3.0.0 3092 2023-01-11T13:32:38Z 2023-01-11T13:32:38Z Senate S 2016-06-23 114 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2016-06-23T19:32:49Z 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 5019 HR 2016-05-09 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Identical bill CRS 2016-06-23 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2016-06-23 Introduced in Senate IntroReferral 10000 9 Library of Congress H001041 Sen. Heller, Dean [R-NV] Dean Heller R NV N P000595 Sen. Peters, Gary C. [D-MI] Gary Peters D MI 2016-06-23 True C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2016-07-06 False Finance and Financial Sector Administrative law and regulatory procedures Financial services and investments Securities Securities and Exchange Commission (SEC) Finance and Financial Sector 00 2016-06-23 Introduced in Senate 2016-09-15T22:12:48Z 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.

]]> Fair Access to Investment Research Act of 2016 Display Title Fair Access to Investment Research Act of 2016 Official Title as Introduced A bill 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 Senate IS Short Titles as Introduced Fair Access to Investment Research Act of 2016 Introduced in Senate 2016-06-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s3092is/xml/BILLS-114s3092is.xml 2016-06-23 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.