3.0.0 3519 2023-01-11T13:37:16Z 2023-01-11T13:37:16Z House HR 2017-07-27 115 [Congressional Record Volume 163, Number 127 (Thursday, July 27, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. MAXINE WATERS of California:H.R. 3519.Congress has the power to enact this legislation pursuantto the following:Article I, Section VIII``The Congress shall have power . . . to make all lawswhich shall be necessary and proper for carrying theexecution of the foregoing powers, and all powers vested bythis Constitution in the government of the United States, orin any department or officer thereof.''[Page H6520]]]> hsba00 Financial Services Committee House Standing Referred to 2017-07-27T14:07:40Z 2017-07-27 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-07-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-07-27 Introduced in House IntroReferral 1000 9 Library of Congress W000187 Rep. Waters, Maxine [D-CA-43] MAXINE WATERS D CA 43 N L000562 Rep. Lynch, Stephen F. [D-MA-8] Stephen Lynch D MA F. 8 2017-12-06 False G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2017-12-06 False E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2017-12-06 False S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2017-12-06 False N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2017-12-06 False K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2017-12-06 False G000551 Rep. Grijalva, Raúl M. [D-AZ-3] Raúl Grijalva D AZ M. 3 2017-12-06 False P000523 Rep. Price, David E. [D-NC-4] DAVID PRICE D NC E. 4 2017-12-06 False W000822 Rep. Watson Coleman, Bonnie [D-NJ-12] Bonnie Watson Coleman D NJ 12 2017-12-06 False Finance and Financial Sector Administrative law and regulatory procedures Congressional oversight Financial services and investments Government information and archives Government studies and investigations Public participation and lobbying Securities Securities and Exchange Commission (SEC) Finance and Financial Sector 00 2017-07-27 Introduced in House 2019-04-18T14:54:01Z Bad Actor Disqualification Act of 2017

This bill amends the Securities Exchange Act of 1934 to establish procedures for obtaining a waiver from automatic disqualification provisions in securities law. (These disqualifications prevent future participation in certain capital market activities by entities or individuals who have committed misconduct.) Waiver-seeking entities must petition the Securities and Exchange Commission (SEC), and, after a public hearing, the SEC may vote to grant the waiver if it: (1) is in the public interest, (2) is necessary for investor protection, and (3) promotes market integrity.

The bill also directs the Government Accountability Office to report on the SEC's current waiver process.

]]> Bad Actor Disqualification Act of 2017 Display Title Bad Actor Disqualification Act of 2017 Official Title as Introduced To increase accountability of the Securities and Exchange Commission and to require the Commission to implement a rigorous, fair, and public process for waiving bad actor disqualifications in the securities laws. Introduced in House IH Short Titles as Introduced Bad Actor Disqualification Act of 2017 Introduced in House 2017-07-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr3519ih/xml/BILLS-115hr3519ih.xml 2017-07-27 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.