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H.R. 910 (115th): Fair Access to Investment Research Act of 2017

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About the bill

Source: Republican Policy Committee

H.R. 910 establishes a safe harbor that would allow broker-dealers to issue research reports that cover Exchange Traded Funds (ETFs), so that these reports are not considered “offers” under the securities law. The research reports would need to meet certain requirements to be eligible for this safe harbor. Under current law, such reports would be considered an offering for sale and the broker or dealer would be required to file a registration statement with the SEC for that offering.

An Exchange Traded Fund (ETF) is a marketable security that tracks a stock index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange.

Investor interest in ETFs has increased significantly in recent years ...

Sponsor and status

French Hill

Sponsor. Representative for Arkansas's 2nd congressional district. Republican.

Read Text »
Last Updated: May 2, 2017
Length: 10 pages
Introduced
Feb 7, 2017
115th Congress (2017–2019)
Status
Enacted Via Other Measures

Provisions of this bill were incorporated into other bills which were enacted.

Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).

This bill was incorporated into:

S. 327: Fair Access to Investment Research Act of 2017
Enacted — Signed by the President on Oct 6, 2017. (compare text)
Cosponsors

6 Cosponsors (4 Democrats, 2 Republicans)

Source

Position statements

What legislators are saying

House Passes Senate Version of Hills Investment Bill
    — Rep. French Hill [R-AR2] (Sponsor) on Sep 27, 2017

On the House Floor This Week - 5/1/17
    — Rep. John Delaney [D-MD6, 2013-2018] on May 1, 2017

Come and Read It Report
    — Rep. Roger Williams [R-TX25] on Sep 26, 2017

More statements at ProPublica Represent...

What stakeholders are saying

R Street Institute SpendingTracker.org estimates H.R. 910 will add $2 million in new spending through 2022.

History

Feb 7, 2017
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Mar 9, 2017
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

May 1, 2017
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

May 1, 2017
 
Reported by House Committee on Financial Services

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

H.R. 910 (115th) was a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number H.R. 910. This is the one from the 115th Congress.

This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.

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“H.R. 910 — 115th Congress: Fair Access to Investment Research Act of 2017.” www.GovTrack.us. 2017. September 27, 2021 <https://www.govtrack.us/congress/bills/115/hr910>

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