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Extension of Investment Research Access and Market Impact Study

This law temporarily extends for 180 days a rule that allows brokerage firms to provide investment research to financial advisors. This aims to prevent sudden market disruptions that could affect the availability of information for pension funds and other investors. It also mandates the Securities and Exchange Commission (SEC) to conduct a thorough study on how maintaining or withdrawing this rule will impact the cost and quality of market research.
Key points
A 180-day temporary extension of a regulatory rule maintaining the current method by which broker-dealers provide investment research to advisors.
Mandates the financial market regulator (SEC) to conduct a detailed study on the rule's impact on investors, pension funds, and the availability of research for small companies.
The goal is to stabilize the market and assess long-term consequences for investors and financial service providers.
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Status:
Expired
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Additional Information
Print number: 118_S_2141
Sponsor: Sen. Moran, Jerry [R-KS]
Process start date: 2023-06-22
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

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 118_S_2141.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-06-22.

What are the main provisions?

Key points include:

  • A 180-day temporary extension of a regulatory rule maintaining the current method by which broker-dealers provide investment research to advisors.
  • Mandates the financial market regulator (SEC) to conduct a detailed study on the rule's impact on investors, pension funds, and the availability of research for small companies.
  • The goal is to stabilize the market and assess long-term consequences for investors and financial service providers.
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 2025-12-26.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy