3.0.0 3033 2018-08-06T20:23:00Z 2018-08-06T20:23:00Z Senate S S 2008-05-19 110 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2008-05-19T21:01:19Z Securities Litigation Attorney Accountability and Transparency Act 110 3931 HR 2008-03-25 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. Related bill CRS Securities Litigation Attorney Accountability and Transparency Act 110 5463 HR 2008-03-25 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. Related bill CRS 2008-05-19 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2008-05-19 Sponsor introductory remarks on measure. (CR S4376-4377) IntroReferral B00100 9 Library of Congress 2008-05-19 Introduced in Senate IntroReferral 10000 9 Library of Congress C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX N Finance and Financial Sector Campaign funds Civil actions and liability Class actions (Civil procedure) Commerce Competitive bidding Conflict of interests Congress Congressional investigations Congressional reporting requirements Evidence (Law) Frivolous lawsuits Government Operations and Politics Law Lawyers Legal advertising and soliciting Legal ethics Legal fees Political action committees Securities fraud Securities industry Finance and Financial Sector 00 2008-05-19 Introduced in Senate 2008-09-03T13:39:30Z Securities Litigation Attorney Accountability and Transparency Act - Amends the Securities Exchange Act of 1934 and the Securities Act of 1933 to require plaintiff and plaintiff's attorney to provide sworn, signed certifications that identify any actual or promised payment by the attorney to the plaintiff, beyond the plaintiff's pro rata share of any recovery.

Requires similar plaintiff and plaintiff's attorney certifications regarding: (1) legal representations; (2) contributions; and (3) conflicts of interest.

Requires the court, in exercising discretion over the approval of lead counsel, to employ a competitive bidding process as one of the criteria (unless the court determines that such a process is not feasible).

Instructs the Comptroller General to study and report to certain congressional committees on average hourly fees in securities class actions.

]]> Securities Litigation Attorney Accountability and Transparency Act Short Titles as Introduced Securities Litigation Attorney Accountability and Transparency Act Display Title Securities Litigation Attorney Accountability and Transparency Act Official Title as Introduced A bill to protect investors by fostering transparency and accountability of attorneys in private securities litigation. Introduced in Senate 2008-05-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3033is/xml/BILLS-110s3033is.xml 2008-05-19 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.