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S. 327, Fair Access to Investment Research Act of 2017 (CBO Report for Congress)

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Congress 115th
Date Requested March 13, 2017
Requested By the Senate Committee on Banking, Housing, and Urban Affairs
Date Sent March 30, 2017
Description:

S. 327 would expand an existing safe harbor to allow brokers and dealers to issue or distribute a broader set of research reports about certain investment funds or securities without such reports being considered as an offering for the sale of shares of those funds or securities. 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 Securities and Exchange Commission (SEC) for that offering.

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