3.0.0 5032 2023-01-11T13:16:08Z 2023-01-11T13:16:08Z House H HR 2010-04-15 111 hsba00 Financial Services Committee House Standing Referred to 2010-04-15T14:00:54Z 2010-04-15 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2010-04-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-04-15 Introduced in House IntroReferral 1000 9 Library of Congress A000022 Rep. Ackerman, Gary L. [D-NY-5] GARY ACKERMAN D NY L. 5 N M001171 Rep. Maffei, Daniel B. [D-NY-25] Daniel Maffei D NY B. 25 2010-04-15 True K000210 Rep. King, Peter T. [R-NY-3] PETER KING R NY T. 3 2010-04-15 True K000366 Rep. Klein, Ron [D-FL-22] Ron Klein D FL 22 2010-04-15 True P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 2010-04-15 True S001175 Rep. Speier, Jackie [D-CA-12] Jackie Speier D CA 12 2010-04-15 True R000435 Rep. Ros-Lehtinen, Ileana [R-FL-18] ILEANA ROS-LEHTINEN R FL 18 2010-04-20 False T000193 Rep. Thompson, Bennie G. [D-MS-2] BENNIE THOMPSON D MS 2 2010-04-20 False M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2010-04-20 False H001043 Rep. Hodes, Paul W. [D-NH-2] Paul Hodes D NH W. 2 2010-04-20 False W000792 Rep. Weiner, Anthony D. [D-NY-9] ANTHONY WEINER D NY D. 9 2010-04-21 False H001039 Rep. Hall, John J. [D-NY-19] John Hall D NY J. 19 2010-04-21 False I000057 Rep. Israel, Steve [D-NY-2] STEVE ISRAEL D NY 2 2010-04-26 False B001242 Rep. Bishop, Timothy H. [D-NY-1] Timothy Bishop D NY H. 1 2010-04-29 False C001038 Rep. Crowley, Joseph [D-NY-7] JOSEPH CROWLEY D NY 7 2010-05-11 False L000480 Rep. Lowey, Nita M. [D-NY-18] NITA LOWEY D NY M. 18 2010-05-20 False H001047 Rep. Himes, James A. [D-CT-4] James Himes D CT A. 4 2010-05-26 False M000309 Rep. McCarthy, Carolyn [D-NY-4] CAROLYN MCCARTHY D NY 4 2010-05-27 False R000462 Rep. Rothman, Steven R. [D-NJ-9] STEVEN ROTHMAN D NJ R. 9 2010-05-28 False D000610 Rep. Deutch, Theodore E. [D-FL-19] Theodore Deutch D FL E. 19 2010-06-14 False O000169 Rep. Owens, William L. [D-NY-23] William Owens D NY L. 23 2010-06-17 False M000312 Rep. McGovern, James P. [D-MA-3] JAMES MCGOVERN D MA P. 3 2010-06-30 False H000324 Rep. Hastings, Alcee L. [D-FL-23] ALCEE HASTINGS D FL L. 23 2010-07-13 False S001170 Rep. Shea-Porter, Carol [D-NH-1] Carol Shea-Porter D NH 1 2010-07-19 False G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2010-07-20 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2010-08-10 False M001174 Rep. McMahon, Michael E. [D-NY-13] Michael McMahon D NY E. 13 2010-08-10 False N000183 Rep. Nye, Glenn C. [D-VA-2] Glenn Nye D VA C. 2 2010-08-10 False Finance and Financial Sector Administrative law and regulatory procedures Administrative remedies Bankruptcy Financial services and investments Fraud offenses and financial crimes Government corporations and government-sponsored enterprises Government trust funds Securities User charges and fees Finance and Financial Sector 00 2010-04-15 Introduced in House 2010-06-01T16:02:25Z Ponzi Scheme Investor Protection Act of 2010 - Amends the Securities Investor Protection Act of 1970 with respect to the duties of a trustee appointed for a Securities and Exchange Commission (SEC)-registered broker or dealer undergoing liquidation.

Instructs the trustee to take specified actions if the trustee determines that the debtor is a Ponzi scheme.

Establishes procedures for an indirect Ponzi scheme investor to file a claim.

Instructs the trustee to: (1) coordinate with Ponzi scheme investors to ensure proper payments to indirect Ponzi scheme investors; and (2) take specified actions to pay indirect Ponzi scheme investors.

Prescribes the maximum aggregate amount of all cash and securities that may be awarded to each indirect Ponzi scheme investor.

Prohibits the trustee of a Ponzi scheme from seeking to recover money and profits from any Ponzi scheme investor unless such investor's participation in the Ponzi scheme was either complicit or negligent.

Requires the Securities Investor Protection Corporation (SIPC) to: (1) advance to the trustee such moneys as may be required to pay claims and implement this Act; and (2) promulgate regulations modifying SIPC Fund assessment levels to ensure they are adequate to cover the anticipated costs of implementing this Act.

]]> Ponzi Scheme Investor Protection Act of 2010 Display Title Ponzi Scheme Investor Protection Act of 2010 Official Title as Introduced To amend the Securities Investor Protection Act of 1970 to provide insurance coverage for certain indirect investors caught in Ponzi schemes, and for other purposes. Introduced in House IH Short Titles as Introduced Ponzi Scheme Investor Protection Act of 2010 Introduced in House 2010-04-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr5032ih/xml/BILLS-111hr5032ih.xml 2010-04-15 Referred to the House Committee on Financial Services. 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.