3.0.0 757 2023-01-11T13:20:34Z 2023-01-11T13:20:34Z House H HR 2011-02-17 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GARRETT:H.R. 757.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 4: ``To establish . . .uniform laws on the subject of bankruptcies throughout theUnited States.''[Page H1178]]]> hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Hearings by 2012-03-07T16:29:11Z Referred to 2011-04-04T20:42:37Z Referred to 2011-02-17T14:03:15Z Equitable Treatment of Investors Act 112 6695 HR 2012-12-20 Referred to the House Committee on Financial Services. Related bill CRS 2012-03-07 hsba16 Capital Markets Subcommittee 1 House committee actions Subcommittee Hearings Held. Committee 2011-04-04 hsba16 Capital Markets Subcommittee 1 House committee actions Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. Committee 2011-02-18 Sponsor introductory remarks on measure. (CR E265-266) IntroReferral B00100 9 Library of Congress 2011-02-17 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-02-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-02-17 Introduced in House IntroReferral 1000 9 Library of Congress G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 N K000210 Rep. King, Peter T. [R-NY-3] PETER KING R NY T. 3 2011-02-17 True R000435 Rep. Ros-Lehtinen, Ileana [R-FL-18] ILEANA ROS-LEHTINEN R FL 18 2011-02-17 True W000807 Rep. West, Allen B. [R-FL-22] Allen West R FL B. 22 2011-04-01 False M000309 Rep. McCarthy, Carolyn [D-NY-4] CAROLYN MCCARTHY D NY 4 2011-04-15 False M001179 Rep. Marino, Tom [R-PA-10] Tom Marino R PA 10 2011-05-26 False H001047 Rep. Himes, James A. [D-CT-4] James Himes D CT A. 4 2011-06-01 False M001138 Rep. Manzullo, Donald A. [R-IL-16] DONALD MANZULLO R IL 16 2011-07-07 False R000462 Rep. Rothman, Steven R. [D-NJ-9] STEVEN ROTHMAN D NJ R. 9 2011-09-15 False D000610 Rep. Deutch, Theodore E. [D-FL-19] Theodore Deutch D FL E. 19 2012-02-27 False T000470 Rep. Tipton, Scott R. [R-CO-3] Scott Tipton R CO R. 3 2012-04-16 False L000569 Rep. Luetkemeyer, Blaine [R-MO-9] Blaine Luetkemeyer R MO 9 2012-04-16 False B000220 Rep. Bass, Charles F. [R-NH-2] CHARLES BASS R NH F. 2 2012-04-24 False R000589 Rep. Rigell, E. Scott [R-VA-2] E. Rigell R VA Scott 2 2012-05-15 False Finance and Financial Sector Bankruptcy Consumer affairs Financial services and investments Securities Finance and Financial Sector 00 2011-02-17 Introduced in House 2013-01-11T19:42:41Z Equitable Treatment of Investors Act - Amends the Securities Investor Protection Act of 1970 to revise the definition of "net equity."

States that, in determining net equity, the positions, options, and contracts of a customer held by the debtor, and any indebtedness of the customer to the debtor, shall be determined based on: (1) the information contained in the last statement received by the customer from the debtor before the filing date; and (2) any additional specific confirmations of the customer's positions, options, contracts, or indebtedness received after such last statement but before the filing date.

Prohibits reliance on the final statement of the debtor to customer, however, if the customer: (1) knew the debtor was involved in fraudulent activity with respect to any of its customers; or (2) as a registered broker, dealer, or investment adviser under specified securities laws, or a person required to be so registered, knew, or should have known, that the debtor was involved in such a fraudulent activity and did not notify the Securities Investor Protection Corporation (SIPC), Securities and Exchange Commission (SEC), or law enforcement personnel that the debtor was so involved.

Prohibits a trustee in bankruptcy in a liquidation proceeding from recovering any property transferred by the debtor to a customer before the filing date unless, at the time of such transfer, the customer meets the same criteria.

Transfers from SIPC to the SEC authority to nominate to a court persons for appointment as trustee for the liquidation of a debtor's business and as attorney for the trustee.

]]> Equitable Treatment of Investors Act Display Title Equitable Treatment of Investors Act Official Title as Introduced To amend the Securities Investor Protection Act of 1970 to confirm that a customer's net equity claim is based on the customer's last statement and that certain recoveries are prohibited, to change how trustees are appointed, and for other purposes. Introduced in House IH Short Titles as Introduced Equitable Treatment of Investors Act Introduced in House 2011-02-17T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr757ih/xml/BILLS-112hr757ih.xml 2012-03-07 Subcommittee Hearings Held. 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.