Increasing Access to Adviser Information Act

1/2
Status In Committee
Sponsor Jerry Moran
Citation 118-S-2141
Actions 2
Introduced Jun 22nd, 2023
Cosponsors
Last Action Jun 22nd, 2023
Policy Area
Introduced Senate Jun 22
Senate
House
President
Enacted

Summary

AI Guide

What this bill does

Loading AI analysis…

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.

Actions

2
Senate
INTRODUCED
INTRODUCED
Jun 22, 2023
ON FLOOR
REFERRED TO COMMITTEE
Version
Font size