H.R. 3857: PASS Act of 2017
CBO Score
$2 million
Documentation
Date of Report
Mon December 11th, 2017
CBO Report Details
Legislation Details
115th Congress
To amend the Securities Exchange Act of 1934 to establish standards of conduct for brokers and dealers that are in the best interest of their retail customers.
Sponsor: Rep. Ann Wagner — R — MO
H.R. 3857 would repeal regulations issued by the Department of Labor that are commonly referred to as the fiduciary rule and would direct the Securities and Exchange Commission (SEC) to develop a new standard to govern the conduct of brokers and dealers.
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