Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
Senate Bill 327
115th Congress(2017-2018)
Fair Access to Investment Research Act of 2017
Active
Amendments
Active
Passed House on Sep 27, 2017
Overview
Text
Introduced
Feb 7, 2017
Latest Action
Oct 6, 2017
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
327
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Dean Heller
Nevada
Republican
David Perdue
Georgia
Democrat
Gary Peters
Michigan
Senate Votes (1)
House Votes (1)
checkPassed on September 11, 2017
Status
Passed
Type
Unanimous Consent
Unanimous Consent
A senator may request unanimous consent on the floor to set aside a specified rule of procedure so as to expedite proceedings. If no Senator objects, the Senate permits the action, but if any one senator objects, the request is rejected. Unanimous consent requests with only immediate effects are routinely granted, but ones affecting the floor schedule, the conditions of considering a bill or other business, or the rights of other senators, are normally not offered, or a floor leader will object to it, until all senators concerned have had an opportunity to inform the leaders that they find it acceptable.
Passed/agreed to in Senate: Passed Senate with amendments by Unanimous Consent.(text: CR S5167-5168)
Summary

Fair Access to Investment Research Act of 2017

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.

Text (4)
Enrolled Bill
Engrossed in Senate
September 11, 2017
Reported to Senate
March 13, 2017
Introduced in Senate
February 7, 2017
Amendments (1)
Sep 11, 2017
Agreed to in Senate
2
Sponsorship
Senate Amendment 935
To improve the bill.
Agreed To
Related Bills (3)
Jul 18, 2017
Introduced in House
1
Sponsorship
House Bill 3280
Financial Services and General Government Appropriations Act, 2018
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Jun 08, 2017
Passed House
41
Sponsorship
House Bill 10
Financial CHOICE Act of 2017
Active
Amendments
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
May 01, 2017
Passed House
7
Sponsorship
House Bill 910
Fair Access to Investment Research Act of 2017
Active
Type
Identical Bill
Identical Bill
A bill that is word-for-word identical to another bill. Bills are characterized as identical to each other at the introduced stage only, even though a later (e.g., reported or passed) version of a bill might meet the same criteria for text similarity. Companion measures, procedurally-related measures, and legislation with text similarities are other related bill types.
Identified By
CRS
Actions (19)
10/06/2017
Signed by President.
09/29/2017
Presented to President.
09/27/2017
Motion to reconsider laid on the table Agreed to without objection.
09/27/2017
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H7547-7548)
09/27/2017
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H7547-7548)
09/27/2017
DEBATE - The House proceeded with forty minutes of debate on S. 327.
09/27/2017
Considered under suspension of the rules. (consideration: CR H7547-7549)
09/27/2017
Mr. Hill moved to suspend the rules and pass the bill.
09/12/2017
Held at the desk.
09/12/2017
Message on Senate action sent to the House.
09/12/2017
Received in the House.
09/11/2017
Passed Senate with amendments by Unanimous Consent. (text: CR S5167-5168)
09/11/2017
Passed/agreed to in Senate: Passed Senate with amendments by Unanimous Consent.(text: CR S5167-5168)
09/11/2017
Measure laid before Senate by unanimous consent. (consideration: CR S5166-5168)
03/13/2017
Placed on Senate Legislative Calendar under General Orders. Calendar No. 11.
03/13/2017
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo with amendments. Without written report.
03/09/2017
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment favorably.
02/07/2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
02/07/2017
Introduced in Senate
Public Record
Record Updated
Sep 5, 2023 4:11:49 PM
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