HR 2356 · 114th Congress · Finance and Financial Sector

Fair Access to Investment Research Act of 2015

Introduced 2015-05-15· Sponsored by Rep. Hill, J. French [R-AR-2]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 304.(2016-01-28)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 2356, Fair Access to Investment Research Act of 2015

Sep 28, 2015

As ordered reported by the House Committee on Financial Services on May 20, 2015

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (1)

1 Democrat