HR 2356 · 114th Congress · Finance and Financial Sector
Fair Access to Investment Research Act of 2015
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Placed on the Union Calendar, Calendar No. 304.(2016-01-28)
Plain Language Summary
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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 OfficeH.R. 2356, Fair Access to Investment Research Act of 2015
Sep 28, 2015As 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