summary
Introduced
09/17/2019
09/17/2019
In Committee
09/20/2019
09/20/2019
Crossed Over
11/19/2019
11/19/2019
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
Investor Protection and Capital Markets Fairness Act Investor Protection and Capital Markets Fairness Act This bill provides statutory authority for the Securities and Exchange Commission (SEC) to seek disgorgement (i.e., repayment) as a remedy for unjust enrichment gained through a securities law violation. It also allows the SEC to seek certain injunctive relief.
AI Summary
This bill provides statutory authority for the Securities and Exchange Commission (SEC) to seek disgorgement (repayment) as a remedy for unjust enrichment gained through a securities law violation. It also allows the SEC to seek certain injunctive relief, such as officer and director bars. The bill includes a 14-year statute of limitations for the SEC to bring such actions, and requires the SEC to submit a report to Congress on its enforcement actions over the following 10 years.
Committee Categories
Business and Industry, Housing and Urban Affairs
Sponsors (2)
Last Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 11/19/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
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