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United States · Bill · HR

H.R. 5019 (114th)

Fair Access to Investment Research Act of 2016

referredUnited States· United States Congress· EN

Introduced

21 April 2016

Last action

9 May 2016 · Introduced

Status

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

J. Hill, Rep. Carney, John C., Jr. [D-DE-At Large]

Subjects

Discovery layer

Source updated

5 December 2025

Official sourceDownload fileView documentsShare

Summary

Fair Access to Investment Research Act of 2016 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 a published or distributed investment fund research report shall not be deemed to constitute an offer for sale or an offer to sell a security that is the subject of the offering pursuant to an effective registration statement, even if the broker or dealer is participating or will participate in the registered offering of the covered investment fund's securities. 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 shall not impose specified conditions and requirements when implementing the safe harbor. Until the SEC has adopted such safe harbor revisions, and the Financial Industry Regulatory Authority (FINRA) has revised a related rule, a covered investment fund shall be deemed to be a security listed on a national securities exchange that is not subject to a certain filing requirement of the Investment Company Act of 1940.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 21 April 2016

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 21 April 2016

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 21 April 2016

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 26 April 2016

    Floor

    Mr. Garrett moved to suspend the rules and pass the bill.

    Source: Floor

  5. 26 April 2016

    Vote

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

    Source: Floor

  6. 26 April 2016

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 5019.

    Source: Floor

  7. 26 April 2016

    Floor

    Considered under suspension of the rules. (consideration: CR H1950-1952)

    Source: Floor

  8. 28 April 2016

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  9. 28 April 2016

    Vote

    On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 411 - 6 (Roll no. 175). (text: CR 4/26/2016 H1950)

    Source: Floor

  10. 28 April 2016

    Vote

    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 411 - 6 (Roll no. 175).(text: CR 4/26/2016 H1950)

    Source: Floor

  11. 28 April 2016

    Floor

    Considered as unfinished business. (consideration: CR H2081)

    Source: Floor

  12. 9 May 2016

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

8 official files

Referred in Senate (text)

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Sponsors

Related records

Sources

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