Pipeline · Bill → Law
Step 1
Introduced
Apr 13, 2023
Step 2
Referred
Apr 13, 2023
Financial Services · Banking, Housing, and Urban Affairs
Step 3
Committee
May 24, 2023
Reported out
Step 4
House floor
Step 5
Senate
Jul 12, 2023
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill extends for six months 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.
Timeline · 12 actions
Jul 12, 2023
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 11, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-134.
Jul 11, 2023
Placed on the Union Calendar, Calendar No. 105.
Jul 11, 2023
Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
Jul 11, 2023
Considered under suspension of the rules.
Jul 11, 2023
DEBATE - The House proceeded with forty minutes of debate on H.R. 2622.
Jul 11, 2023
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Jul 11, 2023
Motion to reconsider laid on the table Agreed to without objection.
May 24, 2023
Committee Consideration and Mark-up Session Held
May 24, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 45 - 2.
Apr 13, 2023
Introduced in House
Apr 13, 2023
Referred to the House Committee on Financial Services.