H.R. 2622 explained · 118th Congress · Not enacted (118th Congress ended)
To amend the Investment Advisers Act of 1940 to codify certain Securities and Exchange Commission no-action letters that exclude brokers and dealers compensated for certain research services from the definition of investment adviser, and for other purposes.
Introduced: 2023-04-13
Latest action (2023-07-12): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
What H.R. 2622 does, in plain terms
The Congressional Research Service has not published a summary of H.R. 2622 yet. Its official title: “To amend the Investment Advisers Act of 1940 to codify certain Securities and Exchange Commission no-action letters that exclude brokers and dealers compensated for certain research services from the definition of investment adviser, and for other purposes.”.
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