Dodd-Frank Act Section 918

SEC. 918  — STUDY REGARDING MUTUAL FUND ADVERTISING.
(a) IN GENERAL.—The Comptroller General of the United States shall conduct a study on mutual fund advertising to identify—

(1) existing and proposed regulatory requirements for open-end investment company advertisements;
(2) current marketing practices for the sale of open-end investment company shares, including the use of past performance data, funds that have merged, and incubator funds;
(3) the impact of such advertising on consumers; and
(4) recommendations to improve investor protections in mutual fund advertising and additional information necessary to ensure that investors can make informed financial decisions when purchasing shares.

(b) REPORT.—Not later than 18 months after the date of enactment of this Act, the Comptroller General of the United States shall submit a report on the results of the study conducted under
subsection (a) to—

(1) the Committee on Banking, Housing, and Urban Affairs of the United States Senate; and
(2) the Committee on Financial Services of the House of Representatives.