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United States · Bill · S

S. 2141 (118th)

Increasing Access to Adviser Information Act

referredUnited States· United States Congress· EN

Introduced

22 June 2023

Last action

Status

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

Sponsors

Subjects

Discovery layer

Source updated

14 January 2025

Summary

Increasing Access to Adviser Information Act This bill extends for 180 days Securities and Exchange Commission (SEC) guidance allowing broker-dealers to receive payments for research services provided to investment managers. Under current law, broker-dealers that receive payments for performing this service must register as investment advisors. However, the SEC through guidance currently waives enforcement against these broker-dealers. This waiver is set to expire on July 3, 2023. The SEC must report on the impact of continuation or expiration of this guidance.

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Documents

3 official files

Introduced in Senate (text)

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Sources

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