US HR2128

Bill

US HR2128

Due Process Restoration Act of 2017

Introduced
04/25/2017

In Committee
09/13/2018

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Due Process Restoration Act of 2017 This bill amends the Securities Exchange Act of 1934 to specify that a person against whom the Securities and Exchange Commission (SEC) brings an administrative proceeding may compel the SEC to terminate the proceeding and to instead bring a civil action.

AI Summary

This bill amends the Securities Exchange Act of 1934 to allow individuals who are parties to SEC administrative proceedings to require the SEC to terminate the proceeding and instead bring a civil action against them. The bill also requires the SEC to show clear and convincing evidence to impose a legal or equitable remedy on the individual in the administrative proceeding, rather than the lower preponderance of evidence standard. This is intended to provide greater due process protections for individuals facing SEC enforcement actions.

Committee Categories

Business and Industry

Sponsors (2)

Warren Davidson (R)*, Tom Emmer (R),

Last Action

Placed on the Union Calendar, Calendar No. 885. (on 01/02/2019)

Official Document

https://www.congress.gov/bill/115th-congress/house-bill/2128/all-info

(2 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/115th-congress/house-bill/2128/all-info
BillText	https://www.congress.gov/115/bills/hr2128/BILLS-115hr2128rh.pdf
Bill	https://www.congress.gov/115/bills/hr2128/BILLS-115hr2128rh.pdf.pdf
BillText	https://www.congress.gov/115/bills/hr2128/BILLS-115hr2128ih.pdf
Bill	https://www.congress.gov/115/bills/hr2128/BILLS-115hr2128ih.pdf.pdf

Bill	Bill Name	Last Action	Type
HR10	Financial CHOICE Act of 2017	Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.	Related
HRes375	Providing for consideration of the bill (H.B. 10) to create hope and opportunity for investors, consumers, and entrepreneurs by ending bailouts and Too Big to Fail, holding Washington and Wall Street accountable, eliminating red tape to increase access to capital and credit, and repealing the provisions of the Dodd-Frank Act that make America less prosperous, less stable, and less free, and for other purposes.	Motion to reconsider laid on the table Agreed to without objection.	Similar To

Bill > HR2128

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (2)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary