3.0.0 699 2023-01-11T13:46:58Z 2023-01-11T13:46:58Z House HR 2021-02-02 117 [Congressional Record Volume 167, Number 19 (Tuesday, February 2, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. EMMER:H.R. 699.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 18[Page H279]]]> hsju00 Judiciary Committee House Standing hsju03 Courts, Intellectual Property, and the Internet Subcommittee Referred to 2021-03-22T16:22:44Z Referred to 2021-02-02T19:05:15Z hsba00 Financial Services Committee House Standing Referred to 2021-02-02T19:05:10Z 2021-03-22 hsju03 Courts, Intellectual Property, and the Internet Subcommittee 1 House committee actions Referred to the Subcommittee on Courts, Intellectual Property, and the Internet. Committee 2021-02-02 Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2021-02-02 Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2021-02-02 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-02-02 Introduced in House IntroReferral 1000 9 Library of Congress E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 N Finance and Financial Sector Civil actions and liability Evidence and witnesses Financial services and investments Securities Finance and Financial Sector 00 2021-02-02 Introduced in House 2021-05-25T19:55:27Z Mutual Fund Litigation Reform Act

This bill specifies burden-of-proof and complaint requirements with respect to certain actions for breach of fiduciary duty against an investment adviser. Specifically, complaints must state certain facts with particularity, and a security holder has the burden of proving a breach of fiduciary duty by clear and convincing evidence.

]]> Mutual Fund Litigation Reform Act Display Title Mutual Fund Litigation Reform Act Official Title as Introduced To amend the Investment Company Act of 1940 to provide complaint and burden of proof requirements for certain actions for breach of fiduciary duty. Introduced in House IH Short Title(s) as Introduced Mutual Fund Litigation Reform Act Introduced in House IH Introduced in House 2021-02-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr699ih/xml/BILLS-117hr699ih.xml 2021-03-22 Referred to the Subcommittee on Courts, Intellectual Property, and the Internet. 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.