US Congress Senate Bill 327 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Passed on October 6 2017 - 100% progression
Action: 2017-10-06 - Became Public Law No: 115-66. (TXT | PDF)
Text: Latest bill text (Enrolled) [PDF]

Fair Access to Investment Research Act of 2017 (Sec. 2) This bill directs the Securities and Exchange Commission (SEC) to establish and implement a "safe harbor" for certain investment fund research reports published by brokers and dealers. Such reports shall be deemed not to be "offers" under specified provisions of securities law, even if the broker or dealer participates in the registered offering of the investment fund's securities. In implementing the safe harbor, the SEC must prohibit a self-regulatory organization from maintaining or enforcing a rule that would prevent a member from: (1) publishing or distributing a covered investment fund research report solely because the member is also participating in a registered offering of the fund, or (2) participating in a registered offering of a covered investment fund solely because the member has published a research report about the fund. The bill restricts the SEC from conditioning the safe harbor upon specified requirements. The safe harbor shall generally not apply to reports about a business development company or a registered closed-end investment company published by a broker or dealer during a specified time frame.

Fair Access to Investment Research Act of 2017

Sen. Dean Heller [R-NV]

Sen. Gary Peters [D-MI]

Sen. David Perdue [R-GA]

Date	Chamber	Action
2017-10-06	House	Became Public Law No: 115-66. (TXT | PDF)
2017-10-06	House	Signed by President.
2017-09-29	House	Presented to President.
2017-09-27	House	Motion to reconsider laid on the table Agreed to without objection.
2017-09-27	House	On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H7547-7548)
2017-09-27	House	DEBATE - The House proceeded with forty minutes of debate on S. 327.
2017-09-27	House	Considered under suspension of the rules. (consideration: CR H7547-7549)
2017-09-27	House	Mr. Hill moved to suspend the rules and pass the bill.
2017-09-12	House	Held at the desk.
2017-09-12	House	Message on Senate action sent to the House.
2017-09-12	House	Received in the House.
2017-09-11	Senate	Passed Senate with amendments by Unanimous Consent. (text: CR S5167-5168)
2017-09-11	Senate	S.Amdt.935 Amendment SA 935 agreed to in Senate by Unanimous Consent.
2017-09-11	Senate	S.Amdt.935 Amendment SA 935 proposed by Senator McConnell for Senator Warren. (consideration: CR S5167; text: CR S5167) To improve the bill.
2017-09-11	Senate	Measure laid before Senate by unanimous consent. (consideration: CR S5166-5168)
2017-03-13	Senate	Placed on Senate Legislative Calendar under General Orders. Calendar No. 11.
2017-03-13	Senate	Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo with amendments. Without written report.
2017-03-09	Senate	Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment favorably.
2017-02-07	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HB10 (Related) 2017-07-13 - Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.
HB910 (Same As) 2017-05-02 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
HR375 (Similar To) 2017-06-07 - Motion to reconsider laid on the table Agreed to without objection.
HB3280 (Related) 2017-07-26 - Committee on Appropriations Senate Subcommittee on Financial Services and General Government. Hearings held on the subject prior to measure being received from the House. Hearings printed: S. Hrg. 115-191.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/327/all-info
Text	https://www.congress.gov/115/bills/s327/BILLS-115s327is.pdf
Text	https://www.congress.gov/115/bills/s327/BILLS-115s327rs.pdf
Text	https://www.congress.gov/115/bills/s327/BILLS-115s327es.pdf
Text	https://www.congress.gov/115/bills/s327/BILLS-115s327enr.pdf