SIFMA Statement on Passage of the Fair Access to Investment Research Act of 2017

Washington, D.C., September 27, 2017– SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on passage of the Fair Access to Investment Research Act (S.327):

“We commend Congress for its bipartisan passage of the Fair Access to Investment Research Act of 2017, which reduces obstacles to research on exchange traded funds (ETFs) and registered investment companies. Sending this commonsense legislation to the President for his signature is a great example of policymakers recognizing an outdated regulation and reexamining it to the benefit of investors and the markets.  As the ETF market continues to grow, this bill’s clarifications will allow broker-dealers to produce more research on ETFs, provide consumers with greater access to information and contribute to capital formation.  SIFMA and its member firms thank and congratulate Senators Dean Heller (R-NV) and Gary Peters (D-MI) and Congressmen French Hill (R-AR) and Bill Foster (D-IL) for their tireless leadership in getting this bill across the finish line.”

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SIFMA is the voice of the U.S. securities industry. We represent the broker-dealers, banks and asset managers whose nearly 1 million employees provide access to the capital markets, raising over $2.5 trillion for businesses and municipalities in the U.S., serving clients with over $18.5 trillion in assets and managing more than $67 trillion in assets for individual and institutional clients including mutual funds and retirement plans. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.