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Easier Access to Investment Adviser Information

This act clarifies when broker-dealers providing research services to investment managers are not considered investment advisers. This aims to simplify financial regulations, potentially making financial information and services more accessible and affordable for investors by reducing compliance burdens for certain entities.
Key points
Broker-dealers providing investment research and receiving payments will not always be classified as investment advisers.
This applies when payments come from the investment manager's own funds or research payment accounts, provided they comply with EU or similar foreign regulations.
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Expired
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Additional Information
Print number: 117_S_3965
Sponsor: Sen. Moran, Jerry [R-KS]
Process start date: 2022-03-30
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Increasing Access to Adviser Information Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3965.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-03-30.

What are the main provisions?

Key points include:

  • Broker-dealers providing investment research and receiving payments will not always be classified as investment advisers.
  • This applies when payments come from the investment manager's own funds or research payment accounts, provided they comply with EU or similar foreign regulations.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Moran, Jerry [R-KS].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy