3.0.0 799 2022-11-01T18:02:33Z 2022-11-05T19:31:53Z Senate S 2019-03-14 116 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2019-03-14T15:02:51Z Investor Protection and Capital Markets Fairness Act 116 4344 HR 2019-11-19 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS ILLICIT CASH Act 116 2563 S 2020-06-30 Committee on Banking, Housing, and Urban Affairs. Hearings held. Related bill CRS 2019-03-14 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2019-03-14 Introduced in Senate IntroReferral 10000 9 Library of Congress W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. N K000393 Sen. Kennedy, John [R-LA] John Kennedy R LA Neely 2019-03-14 True Finance and Financial Sector Civil actions and liability Criminal investigation, prosecution, interrogation Financial services and investments Fraud offenses and financial crimes Securities Finance and Financial Sector 00 2019-03-14 Introduced in Senate 2019-11-19T14:32:28Z Securities Fraud Enforcement and Investor Compensation Act of 2019

This bill provides statutory authority for the Securities and Exchange Commission (SEC) to seek disgorgement (i.e., repayment) as a remedy for unjust enrichment that a person gained through a securities law violation. It also allows the SEC to seek restitution for an investor's loss as a result of a securities law violation by a person registered as or associated with a securities dealer, broker, or other specified financial advisor.

The bill establishes a 5-year statute of limitations for disgorgement and a 10-year statute of limitations for equitable remedies, including restitution.

]]> Securities Fraud Enforcement and Investor Compensation Act of 2019 Display Title Securities Fraud Enforcement and Investor Compensation Act of 2019 Short Title(s) as Introduced Securities Fraud Enforcement and Investor Compensation Act of 2019 Introduced in Senate IS Official Title as Introduced A bill to amend the Securities Exchange Act of 1934 to clarify that the Security and Exchange Commission may seek disgorgement and restitution as a result of a violation of the securities laws, to establish the statute of limitations for disgorgement and equitable actions brought by the Commission, and for other purposes. Introduced in Senate IS Introduced in Senate 2019-03-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s799is/xml/BILLS-116s799is.xml 2019-03-14 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.