3.0.0
2622
2025-05-27T14:15:40Z
2025-05-27T14:15:40Z
House
H
HR
2023-04-13
118
[Congressional Record Volume 169, Number 62 (Thursday, April 13, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SESSIONS:H.R. 2622.Congress has the power to enact this legislation pursuantto the following:clause 3 of section 8 of article I of the ConstitutionThe single subject of this legislation is:The bill codifies an SEC no action letter that allowsbrokers-dealers to continue accepting cash or hard dollarpayments for research reports, in order to comply with an EUdirective (MiFID II).[Page H1728]
- ssbk00
Banking, Housing, and Urban Affairs Committee
Senate
Standing
  - Referred To
2023-07-12T17:40:19Z
- hsba00
Financial Services Committee
House
Standing
  - Reported By
2023-07-11T16:44:25Z
  - Markup By
2023-05-24T18:03:26Z
  - Referred To
2023-04-13T15:04:10Z
H. Rept. 118-134
- 2023-07-12
  - 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
- 2023-07-11
17:11:35
Motion to reconsider laid on the table Agreed to without objection.
Floor
H38310
2
House floor actions
- 2023-07-11
17:11:32
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3184)
Floor
H37300
2
House floor actions
- 2023-07-11
17:11:32
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3184)
Floor
8000
9
Library of Congress
- 2023-07-11
17:01:15
DEBATE - The House proceeded with forty minutes of debate on H.R. 2622.
Floor
H8D000
2
House floor actions
- 2023-07-11
17:01:05
Considered under suspension of the rules. (consideration: CR H3184-3185)
Floor
H30000
2
House floor actions
- 2023-07-11
17:00:46
Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
Floor
H30300
2
House floor actions
- 2023-07-11
Placed on the Union Calendar, Calendar No. 105.
Calendars
H12410
2
House floor actions
U00105
- 2023-07-11
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-134.
Committee
H12200
2
House floor actions
  - hsba00
Financial Services Committee
- 2023-07-11
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-134.
Committee
5000
9
Library of Congress
  - hsba00
Financial Services Committee
- 2023-05-24
  - hsba00
Financial Services Committee
1
House committee actions
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 45 - 2.
Committee
- 2023-05-24
  - hsba00
Financial Services Committee
1
House committee actions
Committee Consideration and Mark-up Session Held
Committee
- 2023-04-13
Referred to the House Committee on Financial Services.
IntroReferral
H11100
2
House floor actions
  - hsba00
Financial Services Committee
- 2023-04-13
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2023-04-13
Introduced in House
IntroReferral
1000
9
Library of Congress
- S000250
Rep. Sessions, Pete [R-TX-17]
PETE
SESSIONS
R
TX
17
N
- W000812
Rep. Wagner, Ann [R-MO-2]
Ann
Wagner
R
MO
2
2023-04-13
True
Finance and Financial Sector
- Financial services and investments
2023-07-24T13:45:19Z
- Licensing and registrations
2023-07-24T13:45:19Z
- User charges and fees
2023-07-24T13:45:19Z
Finance and Financial Sector
2023-04-19T19:00:21Z
00
2023-04-13
Introduced in House
2023-07-10T21:16:42Z
This bill provides statutory authority for specified Securities and Exchange Commission (SEC) guidance allowing broker-dealers to receive payments for research services provided to investment managers. Under current law, broker-dealers that receive payments for performing this service must register as investment advisors. However, the SEC currently waives enforcement against these broker-dealers.
53
2023-07-11
Passed House
2023-10-30T12:53:29Z
This bill extends for six months Securities and Exchange Commission (SEC) guidance allowing broker-dealers to receive payments for research services provided to investment managers. Under current law, broker-dealers that receive payments for performing this service must register as investment advisors. However, the SEC through guidance currently waives enforcement against these broker-dealers. This waiver is set to expire on July 3, 2023.
The SEC must report on the impact of continuation or expiration of this guidance.

To amend the Investment Advisers Act of 1940 to codify certain Securities and Exchange Commission no-action letters that exclude brokers and dealers compensated for certain research services from the definition of investment adviser, and for other purposes.
- Display Title
45

To amend the Investment Advisers Act of 1940 to codify certain Securities and Exchange Commission no-action letters that exclude brokers and dealers compensated for certain research services from the definition of investment adviser, and for other purposes.
2024-07-24T15:21:35Z
- Official Title as Introduced
6

To amend the Investment Advisers Act of 1940 to codify certain Securities and Exchange Commission no-action letters that exclude brokers and dealers compensated for certain research services from the definition of investment adviser, and for other purposes.
2024-03-18T21:07:26Z
Introduced in House
IH
- Referred in Senate
2023-07-12T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr2622rfs/xml/BILLS-118hr2622rfs.xml
- Reported in House
2023-07-11T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr2622rh/xml/BILLS-118hr2622rh.xml
- Engrossed in House
2023-07-11T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr2622eh/xml/BILLS-118hr2622eh.xml
- Introduced in House
2023-04-13T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr2622ih/xml/BILLS-118hr2622ih.xml
2023-07-12
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.
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