H.R. 5019Fair Access to Investment Research Act of 2016

1 recorded action125 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: J. French Hill [R-AR-02]
Cosponsors: 1 · 1 Democrat
Policy area: Finance and Financial Sector
Committees: Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Latest action: May 9, 2016 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

IntroducedApr 21, 2016
Passed the HouseApr 28, 2016
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS summary

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Fair Access to Investment Research Act of 2016

(Sec. 2) 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.

Written by the nonpartisan Congressional Research Service, describing H.R. 5019 as passed House without amendment on Apr 28, 2016. It is not the text of the measure; a later amendment may have changed what it does.

How every member votedHouse roll call 175

House Apr 28, 2016

On Motion to Suspend the Rules and Pass

Fair Access to Investment Research Act of 2016

Passed · Two-thirds required

411 Yea 6 Nay 16 not voting

Crossed both parties 6 of 417 voting members broke with their own party: 6 Democrats.

Open the official roll call

How the chamber split

One dot per member. Select a seat or a bar to filter the list.

DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

By party select a segment to filter

All members433 members

Democratic188 members

Republican245 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

Cosponsors1 · 1 Democrat

Signing on is not a vote: a member can cosponsor H.R. 5019 and vote against it. 1 signed when it was filed.

DJohn Carney [D-DE-00]Original

Loading the public record

H.R. 5019Fair Access to Investment Research Act of 2016

What the measure doesCRS summary

How every member votedHouse roll call 175

On Motion to Suspend the Rules and Pass

How the chamber split

Cosponsors1 · 1 Democrat

H.R. 5019Fair Access to Investment Research Act of 2016

What the measure doesCRS summary

How every member votedHouse roll call 175

On Motion to Suspend the Rules and Pass

How the chamber split

Cosponsors1 · 1 Democrat

Who lobbied on H.R. 50195 organizations

Who lobbied on H.R. 50195 organizations