# 118-hr-2622: 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.

118-hr-2622, 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., is a 118th Congress bill sponsored by Rep. Sessions, Pete [R-TX-17] (R-TX); status Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (as of 2026-10-15).

- Canonical: https://policyrisk.com/legislation/118-hr-2622
- As of: 2026-10-15
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 118-hr-2622
- Congress: 118
- 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.
- Status: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced: 2023-04-13
- Sponsor: Rep. Sessions, Pete [R-TX-17] (R-TX)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2026-10-15

## Summary

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.

## Cosponsors (1)

- Rep. Wagner, Ann [R-MO-2] (R-MO), 2023-04-13T00:00:00.000Z

## Related bills

- 118-hr-1096: 250th Anniversary of the United States Marine Corps Commemorative Coin Act
- 118-hr-1105: Debbie Smith Act of 2023
- 118-hres-1574: Calling for the removal of Federal Deposit Insurance Corporation Chairman Martin J. Gruenberg from his position, effective immediately.
- 118-hres-1566: Honoring the service and sacrifice of America's veterans on Veterans Day, 2024.
- 118-hjres-164: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Commerce relating to "Revisi…
- 118-hjres-163: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Environmental Protection Agency relating t…

## Sources
- [118-hr-2622 on Congress.gov](https://www.congress.gov/bill/118th-congress/house-bill/2622)

## Related
- [118-hr-1096: 250th Anniversary of the United States Marine Corps Commemorative Coin Act](https://policyrisk.com/legislation/118-hr-1096)
- [118-hr-1105: Debbie Smith Act of 2023](https://policyrisk.com/legislation/118-hr-1105)
- [118-hres-1574: Calling for the removal of Federal Deposit Insurance Corporation Chairman Marti…](https://policyrisk.com/legislation/118-hres-1574)
- [118-hres-1566: Honoring the service and sacrifice of America's veterans on Veterans Day, 2024.](https://policyrisk.com/legislation/118-hres-1566)
- [118-hjres-164: Providing for congressional disapproval under chapter 8 of title 5, United Stat…](https://policyrisk.com/legislation/118-hjres-164)
- [118-hjres-163: Providing for congressional disapproval under chapter 8 of title 5, United Stat…](https://policyrisk.com/legislation/118-hjres-163)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/118-hr-2622 (as of 2026-10-15).