Fair Access to Investment Research Act of 2017

Floor Speech

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Mr. Speaker, I yield myself such time as I may consume.

Mr. Speaker, I thank my colleague from Arkansas (Mr. Hill) for his years of bipartisan work that went into this bill.

I am proud to support this bill today because I believe that it will strengthen the ability of investors to make
informed decisions.

Exchange-traded funds are valuable and popular tools for investors to diversify risks and returns through a single security at low cost. This bill will help investors understand the various ETF choices on the market.

I was proud that the House passed our bill, H.R. 910, earlier this Congress by a vote of 405-2. This bill is essentially the same bill and incorporates, among other things, an amendment by Senator Elizabeth Warren to reiterate that the safe harbor will not be available to affiliates of the ETF, including the fund's registered investment adviser. I am really proud of the bipartisanship that went into this bill.

Mr. Speaker, I urge my colleagues to support this bill, and I reserve the balance of my time.

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Mr. Speaker, I yield myself the balance of my time.

Mr. Speaker, I, again, thank my colleague from Arkansas (Mr. Hill) for working with us on this bill over the past years and look forward to it now being sent to the President's desk and signed into law.

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