Subject: Promote Investment Research
From: CQ House Action Reports <[email-masked]>
To: [email-masked]
Date: Mon, 25 Apr 2016 21:24:53 +0000
List-Id: <cqhar.lists.cqrollcall.com>

House Action Reports Supplement to the Legislative Week of April 25 is now available on our website: http://www.cq.com/doc/har-4876138

The supplement covers HR 5019, Fair Access to Investor Research Act, which requires the Securities and Exchange Commission (SEC) to issue rules that provide a so-called "safe harbor" from SEC sales rules to investment fund research reports on exchange-traded funds (ETFs) - i.e., to provide that certain SEC rules regarding the sales of securities do not apply to ETF research reports. Like mutual funds, ETFs purchase stocks, bonds, and other securities to provide a means of investing in a variety of securities through a single mechanism. But unlike mutual funds that are actively managed to purchase and sell investments, ETFs are passively managed and charge lower fees, and therefore are becoming a popular investment tool. Because they lack a safe harbor from many SEC requirements, however, most brokers do not publish research on ETFs for investors.

The measure is scheduled to be considered Tuesday under suspension of the rules.

Chuck Conlon
CQ House Action Reports

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