U.S. House Financial Services Committee members reintroduced a bill that would block states from imposing financial transaction taxes on, among other securities industry participants, stock exchanges and broker-dealers.
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By a vote of 233 to 186, the House of Representatives passed the "Financial CHOICE Act of 2017."
By a 224 to 196 vote, the House of Representatives passed an amendment to the Financial Services and General Government Appropriations bill that would prohibit the SEC from implementing, administering, enforcing or publicizing Regulation BI and related rules and interpretations recently adopted by the SEC.
The House of Representatives passed the "Helping Angels Lead Our Startups Act." The "HALOS Act" purports to "clarify the definition of general solicitation under Federal securities law" as it relates to certain communications by "angel investor groups."
The House of Representatives passed a bill that directs the SEC to provide a safe harbor allowing broker-dealers to publish research reports on investment funds that are in continuous distribution without having to deem those reports to be "prospectuses."